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

To: jimsioi who wrote (27665)	2/6/2003 10:24:48 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

Jims. Interesting thoughts. You may be onto something. However, as a life long history maven, I always try to keep in mind that <History doesn't repeat, it rhymes>. Remember 1st qtr 2000 all too well. The economy was juiced up from Greenqueen's preemptive printing press binge in later 1999 to protect us from Y2K horrors that NEVER came! After a huge 4th qtr selloff in energy sector, I was position building in December and into January of 2000. By mid-January, was sitting on a load of gasser favs and a huge position in HGT. By mid-February was still still sitting and beginning to wonder if the laws of nature had been repealed.<lol> Seems there was another very important factor impacting the flow of funds among sectors, in 1st qtr 2000. The NAZ/tech bubble was making it's final parabolic run which crested in March, if memory serves. And, the Mo Mo mania that accompanied it sucked in a tons of $$$ from any stock group that wasn't pulling at least 4 or 5 G's of upside acceleration. The excellent earnings and other strong fundamentals in energy fell on deaf ears until to flying Mo Mo circus began to ebb. Only then did capital begin to flow toward the compelling values in energy. There are other important differences between this year and 2000 that dominate the news every day. But thought it was worth a post to also add the points I touched on above. Regards, Isopatch