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To: Snowshoe who wrote (40474)3/20/1999 12:54:00 PM
From: Ken Robbins  Read Replies (1) | Respond to of 95453
 
SLB is no doubt looking for an increase in marine exploration.

biz.yahoo.com



To: Snowshoe who wrote (40474)3/20/1999 1:06:00 PM
From: SargeK  Read Replies (2) | Respond to of 95453
 
Markets running into an Oil Slick

I suspect the skirmish with Cooper/IBD is a small part of one battle being fought in a "Trillion Dollar War". What's at stake is a sector rotation of unimaginable proportions that is beginning to emerge in the wake of recent accords among the Crude Oil exporters. Investors in some of the high flying leaders within the Indexes will begin to smell real trouble looming and attempt to vacate the premises all at the same time. Like changes in the tides and the seasons, the rotation is inevitable. It is only the timing which lacks the clarity of almost precise predictability.

As the overdue correction begins to reveal itself, the herds of investors with stocks sporting triple digit P/Es will be headed for the exits only to find the doors padlocked. Those that survive the exodus will be looking for real values among the small and mid-cap companies long neglected by the frenzied mob buying Internet Lottery tickets.

I suspect my recent adversary is only one among thousands attempting to influence public sentiment in one direction , while privately readjusting their own portfolios to the growing reality that things are about to change - Big Time!

The excellent article you cite is just a shot across the bow. FWIW

K



To: Snowshoe who wrote (40474)3/20/1999 7:45:00 PM
From: Ahmed Elneweihi  Read Replies (1) | Respond to of 95453
 
I do not buy this argument that rising oil price is bad for the economy and the stock market. The DOW was making new highs two years ago when oil was at $22, so why would not make new highs still if oil is to go, as being predicted to $18?