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

To: SliderOnTheBlack who wrote (40712)	3/23/1999 11:15:00 PM
From: Broken_Clock	Read Replies (3) \| Respond to of 95453

Slider, I usually try to just give the other side of the coin to those on this thread who have arrived since November of 1997. We know where you come from...every time you called "the" bottom only to "revise" your call to a double bottom, triple bottom, quad bottom! Are you aware that the advance/decline line in the NYSE is pathetic?...that the RUT is in a rut? That the offshore and onshore rig count continues to decline? That drillers are stacking rigs? that the recent Gulf lease was dismal? Don't bother, I know your answer: This time it's different, the market only looks forward, Asia is on the rebound(forget all the facts, such as Japan's contracting! economy)! But I will give you one thing, you do have enthusiasm. If I was on a team and down 9 runs in the bottom of the ninth I'd put you on the mound. -g- But I'd give it a 50/50 chance at best that the "bottom" is in for the OSX. How do you expect the "recovering" asian economies to handle higher oil prices while their economies are on the skids? Think they will export their way out of it? Think again. The good ol' USA is on the verge of a trade war. Turns out we're running the highest trade deficit EVER! Course that won't matter 'cause we only import 60 or 70% of our oil. Hey, I know, let's just borrow more! Got anymore suckers for some US debt? As for Noesis, he was right when he called for $12 oil last year. And he was the only one i know of who called it. The osx touters on Wall St. were telling us the opposite, even the CEOs of the osx companies didn't see this coming...or at least they didn't tell us. Sure, go ahead and pick him apart(Noesis) for pitching 8 2/3 innings of hitless ball. Gimmee a break!