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

To: Joseph G. who wrote (5868)	8/25/1998 4:50:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 9980

Well, Joe, you know more about this than I do, but as I understand it, the biggest money to be made in the later 1930s was in the stocks of companies that were actually in bankruptcy. But analogies are usually faulty. Can anyone imagine any event or combination of events that would cause OPEC and others to cut their production by, say 5%? That's all it would take to lift oil prices back to at least $20 a barrel. Also, surely there are four hundred million Chinese who would like to have an automobile. In earlier times, entrepreneurs made a lot of money shipping old US cars to Mexico, to Jalapa (hence the word "jalopy")--and in 1960 a lot of people in Greece and Turkey were driving things like 1947 Mercury sedans. Get the Chinese on wheels and raise oil prices!