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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (17559)	1/29/2003 6:06:31 PM
From: Sharp_End_Of_Drill	Respond to of 206321

Energyplay, if Saddam goes into exile energy and gold will tank bigtime, the fluffy stuff like tech and financial will likely rally, if only for a short time. I share your bearish views on the market, but I'm wary of the 'peace rally'. Sharp

To: energyplay who wrote (17559)	1/29/2003 6:28:30 PM
From: ItsAllCyclical	Read Replies (4) \| Respond to of 206321

>> There was an article in the Financial Times saying we are seeing the end of equity culture. << The beginning of the end, right? I don't quite agree with that. As my name implies... everything is cyclical including people's love/hate for equities. I think the general trend is down over the next 10 years. Quite a few people will permanently exit equities, but given 401K vehicles and the fact that stock trading now has far easier access with computers and the internet, I don't think the "love affair" will go away permanently. Or at least compared to past bear markets we may end up with more traders than we would have had if this bear had occurred 20, 40 or 60 years ago.

To: energyplay who wrote (17559)	1/29/2003 8:49:48 PM
From: Tommaso	Respond to of 206321

>>>> This is likely to drag the whole market down, including E&P, unfortunately.<<< I think that could well happen. But I think high-dividend royalty trusts --especially the Canadians--with yields up to 20% would not decline much, and I just cannot see energy declining enough in price to cut those yields very much. Energy (above all, in the United States) is ludicrously underpriced--at least when you consider what it will do for you. I bet doubling the price of gasoline would only result in a 25% or else drop in consumption. In England they are doing everything they can think of to discourage ther use of private vehicles and it makes little difference. I think gasoline there is about triple the US price, right now. Anyway, there seems to me lots of room for price increases in oil and natural gas, and the trusts pass these on through (more or less).