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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Chuzzlewit who wrote (15899)3/22/1998 3:34:00 PM
From: Lucretius  Read Replies (5) | Respond to of 95453
 
***OFF TOPIC, but worth looking at****

From:
dailynews.yahoo.com

<<<Thom Brown, managing director of Rutherford Brown and Catherwood, said the market is ignoring a "wishy-washy earnings outlook" and looks overbought.

"But the market has so much momentum behind it, it is going to be tough to see any meaningful sell-off until the enormous amount of domestic and foreign money stops pouring into it," Brown said.

"I am very much in awe of this market. I just don't see anything on the horizon that is going to knock it down," he added. >>>>

I keep seeing and hearing this: "I just don't think anything can stop it." Tells me we're in for a big correction in the broader mkt very soon. I'm not as concerned about oil services but instead see rising oil prices actually contributing to renewed inflation fears. There are just way too many bulls out there. Anyone else looking at this?

-Lucretius