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


To: Alaskaman who wrote (26535)7/26/1998 12:04:00 AM
From: Snowshoe  Respond to of 95453
 
>>If my memory serves me correctly each time since 1932 the wonderful world of stocks had taken the preverbal nosedive; oil and other defensive stocks did most excellently.<<

Oil stocks tanked along with everything else in late 1987:
tscn.com

>>up and sorry to say you were left holding the Spam!<<

Hmmmm.... you sound like "Mr. Whitekeys"!

-Greg



To: Alaskaman who wrote (26535)7/26/1998 5:14:00 PM
From: Les H  Respond to of 95453
 
>History is wonderful isn't it? If my memory serves me correctly each
>time since 1932 the wonderful world of stocks had taken the preverbal
>nosedive; oil and other defensive stocks did most excellently.

Oil services and oil drillers are not defensive stocks. Integrated
oils, such as XON, MOB, and CHV, are considered defensive stocks.