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

To: rocklobster who wrote (20257)	4/24/1998 12:40:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 95453

<<<what looks good for protection if we get a good market downdraft >>> puts, shorts, gold,... those for sure. I also believe Japan will start its run as we decline.. IMO Other than that.... EVERYTHING will come dwn. Some more than others. Drillers for instance won't come dwn as much because they're already trading at around 10x earnings, but highflyers like G, KO, DELL, GTW, YHOO, etc. will get cut in half and worse. Keep in mind that even in a bear if the drillers grow earnings as I belive they will, they will appreciate although MUCH slower than they have recently.