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To: TulipMania who wrote (26218)7/22/1998 2:44:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
<<You mean to say that even the actions of professional fund managers are driven by blustery retail sentiment?>>

I didn't even get that far; I was saying that they are driven in the first instance by available cash (or the need to raise cash).

MSB is correct in pointing out that other funds also buy energy stocks (maybe only in theory). I think they are the ones which will have to jump start the sector.