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S&P 500
5,815.03
(
0.61%
)
US TECH 100
19,700.96
(
-0.01%
)
Dow Jones
42,863.86
(
0.97%
)
Brent Oil
78.70
(
0.00%
)
Bitcoin
62,665.08
(
0.34%
)
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Kimono

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Kimono

Re: otraque post# 281069

Saturday, 08/07/2004 12:15:52 PM

Saturday, August 07, 2004 12:15:52 PM

Post# of 704019
Good grief, Welles, it's okay for Tech companies to make enormous profits in their heyday, but not for oil companies when their turn comes. Nothing lasts forever. While I believe oil will remain above mid-30's at least, and possibly even move to $50 or more if their is "an event", when the recession comes, most commododities will come down. As for now there is a shortage in several commodities. Phelps Dodge has outperformed all oil stocks. Why don't you blame copper for the ills of the world.

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