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Tom Alexander wrote:
> The first indication that y2k turns out to be a big yawn may be coming from
> the energy complex. Take a look at Feb unleaded. Maybe everyone's gas tank
> is now full.
>
> I remember in 1974 when several of my friend's fathers had large
> underground tanks installed so they would be sure not to run out of gas -
> at the top, of course.
>
> Bigger themes to consider for 2000: CRB stuff, in particular the grains,
> cotton (may be taking off right now), cocoa.
>
> Happy New Year again,
>
> Tom Alexander
Tom,
I think you are on the right track (another way of saying you agree with
me <G>), You may remember my post about a week or two ago concerning all the
Y2K hedges that will have to be
unwound next week. One of the markets I mentioned was Crude Oil and the energy
complex.
In addition to this, there is the weather factor, i.e. La Nina is forecasting a
warmer than normal
winter for the northern states. I also agree on the grains (particularly
Soybeans) and Cotton. I have the spread on: Long Soybeans, Cotton, & Sugar,
Short Crude Oil.
Best Wishes,
Norman
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