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To: Knighty Tin who wrote (221697)	2/16/2003 12:27:37 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 436258

It's likely more difficult to get people to buy when things get cheap. Not only do they think something must be wrong with anything that's cheap, also there is the problem that by the time things do get really cheap the majority haven't any spare money left to buy with. -- I'm not sure I'll live long enough to see it, but one of these days a really big break through in harnessing energy will happen. When it does the cost of producing almost every thing will fall dramatically and a new age of growth will out do anything ever even dreamed of. ( mining gold would get so cheap that it would lose it's luster ) This could be a long way off, and it will be fought by the powers who want to maintain the Status Quo. So meanwhile OIL is king, and it's price will tell us where we are headed. We definitely need oil under $30 a bbl , $25 would be much better, and $20 or under would set up a new bull run. Low Interest rates suck hind tit to the cost of energy. Jim PS ( When working as a cargo super I did a look see, at a time oil was $22bbl , and bunker was $12 to $14 depending on the grade, but even then the cost of Fuel to operate a super tanker was more than the cost of the Labor, so all the shit about "high labor cost being a problem is just that , pure right wing BS.." Most every Ship I was on was financed at an inflated price too..just like homes are today, but maybe worse The interest charges ran neck and neck with labor cost. Sort of like a 100K home has about 40K labor in it, but another 100K is tagged on when you add the discount points and interest on a 30 yr mortgage. -- Jim

To: Knighty Tin who wrote (221697)	2/16/2003 8:34:49 PM
From: Tommaso	Read Replies (1) \| Respond to of 436258

Tell you what's cheap now, though they have had a good run recently. It's the Canadian energy trusts, epscially those heavy in natural gas. I only realized in the last few days that they have been held back (in Canada) because to own one is to share liability beyond what you paid for the stock. But that seems about to be fixed. They keep acquiring new properties and paying out most of the profits from oil and gas. And they do it so that a lot of it is return of capital. It is an absolute dream investment, with inflations protection and retunrs up to 20% yield (sometimes higher). I have been following, owning, and buying more of these things for 2-3 years and am getting as excited as I was about closed-end stock funds (ADX, GAM, TY, CET and some you don't like, such as SOR and Baker Fentress) back in 1982.