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----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 29, 2000 5:32 AM
Subject: [RT] Oil Down Almost $1.00 in Europe,...Positive for US Equities
NearTerm?
> Oil is down almost $1.00 in Europe this
> morning,....should be a near-term positive
> for U.S. equities? Any thoughts appreciated.
>
seems like a positve alright, but it may be a bit oversimplified. like the
"my stock just had great earnings - so why are they dumping it?"
Either way we go today they will assign a reason after the fact. If it goes
up they may say oil was the reason, but if it goes down there will be
another reason like "inflation fears".
rgds phil
p.s. I see the futures just started moving up - undoubtedly a direct
response to your note!
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