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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (15356)	3/28/1998 8:34:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 94695

when is alan greenspend going to cut off the monetary spigot? i bet that chump retires and leaves the clean up to the mess he has made to someone else. the market is in a mania due to too much cash being available. the real estate market is absolutely nuts on the west coast. that punk is setting everyone up for the fall of their lives. this is sad and the dolts that make up the american public just keep right on steaming toward the alan greenspend cliff. this is going to be nasty...

To: Bonnie Bear who wrote (15356)	3/28/1998 11:53:00 PM
From: James F. Hopkins	Respond to of 94695

Bonnie; I hit copper already..seems I took profits to soon, I don't know enough about the gold sector to take a chance on any one stock in it..there will be rotation and dog eat dog, and all that..there are two no loads funds that can limit my risk and give me some diversity..I picked BGEIX..after much looking ..the other is UNWPX ..there are more too..but I narrowed my picks to thoes two..may make a small side bet on DAY. ( she is cash heavy ).. I don't like the closed end gold funds. BUT I don't see the gold fever running very long unless interest rates get lower. AS for the drillers..if you think they a depressed now go back and look at early 96..these things run up like crazy but the herd was late getting in them..and they peaked with oil at $25, this draw back has not been much considering how low oil got..and all that has a lag time..this last squirt in oil, and the rally has big money selling into it. Even if oil gets back to 18 and holds..that's still far short of what ran these things up..oil stocks are now a good place to take on a lot of risk , I recomended them early 96..and two months ago I said the drillers got over sold..as they have contracts , but hey they done come back from that..what will happen with oil I can't tell..but I took my profits and wouldn't go back in for the scaps now, that table was set back in 96, when oil went up, this OPEC deal may not hold together. The fact that they are having to resort to price fixing don't sit well with me. Jim