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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: Doug who wrote (5300)8/7/1998 8:46:00 AM
From: Kerm Yerman  Read Replies (2) | Respond to of 24922
 
Doug / Oil Indexes

It's the overall mood of the markets and the oil's are the most distressed of the whole group.

The whole of the market is in a state of a major correction. If one were to eliminate the quality stocks which include's the DOW JONES group and better high tech issues, stock indexes would be down by more than 30%. That's a staggering thought. The Dow Jones Average is a misleading indicator of the markets in whole. It's playing catch-up in reverse mode.