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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (16087)	7/20/2002 1:45:15 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 36161

and what of the DJUtility index chart? down 35% in year quote.yahoo.com^NNA&d=c&t=1y&l=on&z=b&q=l (this is NYSE Utilities, only one I could find) I interpret this as a threat of debt collapse or heavy derivative exposure within member firms or a measure of phoney transactions or even a longterm expectation of a return of inflation? I would love to hear any comments from yous guys / jim

To: Little Joe who wrote (16087)	7/20/2002 9:14:06 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 36161

I see what you are talking about little joe. However I could not resist buying some GLG yesterday. So I might be a little bit early....we'll know more (hopefully) monday, friday was one of the stgrangest days i have seen for a long time. Wayne

To: Little Joe who wrote (16087)	7/20/2002 9:30:02 AM
From: TheBusDriver	Read Replies (3) \| Respond to of 36161

LJ, you read the-privateer?: "Understand this. For the vast majority of investors, who convinced themselves that the "new economy" was the ONLY game in town, the act of buying Gold would be an admission that they were absolutely dead WRONG. That is why most investors, even having seen the gross outperformance of Gold as an investment vehicle this year, have yet to take the plunge. The significance of Friday, July 19 is that it is the day when the FINAL remnant of the "Roaring 90s", the Dow, bit the dust. It is also the day when the "Powers That Be" lost control of the stock market, the currency, and the $US Gold price all on the same day." the-privateer.com Wayne