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


To: Lucretius who wrote (17776)4/2/1998 9:18:00 PM
From: Broken_Clock  Respond to of 95453
 
Lucmeister...
Agree with you on Flecky...he writes well and is very insightful Lot of accumulation going on in the gold sector.



To: Lucretius who wrote (17776)4/2/1998 9:25:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 95453
 
something everyone should read as I believe we are reaching a top in this mkt in the
coming months (maybe sooner, futures opened up 12 now they're down 1 :(


I am a little confused...are you talking the SP8M...they settled at 1131
and the high on globex is 1131.40 and running around down a little over 1

or are you talking something else????



To: Lucretius who wrote (17776)4/2/1998 10:14:00 PM
From: papi riqui  Read Replies (3) | Respond to of 95453
 
LT,

Your man Fleckenstein makes some good points-same ones he's been making for last 3 years running. He and Jim -inflation is rampant and you'll never see an under 6% long bond in your lifetime -Rogers undoubtedly will be vindicated one of these days just as surely as the 2d millenium will be followed by a 3rd.

Yes, it pays to be wary and careful with your investments/bets now as at all times, but these 2 "experts ability to accurately predict tomorrow's, let alone the future's, stock market activity is comparable to the ability of the media's "legal experts" to predict the outcome of a motion for summary judgment in a federal court in Arkansas.

Speaking of experts, did anyone catch Joe Battipaglia's (chief stategist, Gruntal) act tonight? I never (well, not after the first time) act on an analyst's opinion alone, but when Joe speaks, I listen. I've followed him for years and he has been on-the-money many more times than off. So much so that if he is strong on a stock that I don't own, I will give it a much closer look I otherwise would.

FWIW, Joe is hot on transportation (LUV, Union Pacific for turnaround play) and cold on commodities like gold and oil (thinks oil companies won't do much), BUT he likes drillers and servicers like RIG and SLB. I don't own either yet, but I intend look carefully at them now.



To: Lucretius who wrote (17776)4/2/1998 10:32:00 PM
From: davep  Read Replies (1) | Respond to of 95453
 
LT,osx won't get clobbered like most of these duds.One thing this market has done with the greatest predictability is climb the wall of worry.Fundamentals are bad,first call revising downward year over year earnings increases from 10.5% to just 0.7%.This weeks bad earnings reports/warnings and the worst quarter since 91 make this week seem all the more nuts.Another troubling thing dell,intc,msft etc aren't having big days instead its the worthless stuff like amzn,yhoo that are providing the fireworks.I got out the hell out of the market 400pts ago to avoid the earnings debacle.The bull/bear sentiment indicator has called all market tops and bottoms,love to see those numbers-anyone seen them in last weeks Barron's?The market is way overbought(remember next week there won't be any end of quarter window dressing/buying by the funds)and losing its fundamentals fast with lots of bullishness!That article is right on,the market players are saying earnings don't mean a damn pretty scary but then again this market ain't worried.Dow 10K!



To: Lucretius who wrote (17776)4/2/1998 10:40:00 PM
From: Bruce Russell  Read Replies (1) | Respond to of 95453
 
This guy has been short for a long time, ouch.

but I have been seeing everything this guy said.
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