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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Cube who wrote (5499)	8/13/1998 5:38:00 PM
From: Zeev Hed	Respond to of 9980

Cube, you are right, but the depression going through Asia, will, in my opinion keep demand and oil prices low. But your observation is absolutely correct, last October oil prices were at around $16 or so, I believe. Zeev

To: Cube who wrote (5499)	8/14/1998 3:46:00 PM
From: Logos	Respond to of 9980

RE: <<Something I have not heard you mention in connection to the transports is oil prices. They are at multi-year lows. The transport index runs on oil. For the transport index to be near multi-year lows WITH oil at multi year lows, what the heck is going to happen to the transport stocks once oil starts to move back up?? This transport thing could get even uglier and for a very long time if crude begins to slowly tick up.>> Perhaps oil will not be coming back any time soon? If Transports are getting crushed while oil is at 10-year lows, it may be the markets' way of hinting that demand for oil will not pick up precisely because the transports, utilities, etc., will not be rebounding any time soon. That's a scary scenario, don't you think? Logos