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To: Lucretius who wrote (20278)	4/24/1998 2:14:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

LT, that was jack ups in W. Africa...not semis. Also, jack up softness in North Sea. Yes, jack ups are looking tired. But, he did think that ig gas stays strong that would help the slackness. I imagine that NE still keeps jack ups so they can cover all bases but Day is certainly putting NEs future in the dep water stuff. Don't you think the semis(new) will make up for softening jack up rates? Also, I read last night re: the canadian pipeline cancellation...the reason for it was not enough gas to fill it! The demand is there but the Canadian supply isn't. It seems the pipeline cancellation was in the wrong context or did I misread something? Yesterday O & G news had several bullish NG articles. New NG power generators in the east, etc. Current Gas/Oil generators are wearing out, etc.

To: Lucretius who wrote (20278)	4/24/1998 2:25:00 PM
From: The Ox	Read Replies (3) \| Respond to of 95453

Sorry about the misunderstanding. Keeping up with the hundreds of daily posts on this thread can be a challenge for me. I still don't see the overall bear market you are predicting. We need a correction, IMO, to keep this bull run healthy. I don't see the FED raising rates in May. I don't see the flow of money from the babyboomers slowing anytime in the near future. Bond yields are still low enough to make the stock market very appealing. At the moment it doesn't look as though the U.S. will be engaged in a war anytime soon. While employment is very high, we haven't seen serious wage inflation that one normally associates with low unemployment. So what's to be overly worried about? Asia? Irrational exuberance? Is it possible that the gold bug has clouded your view?