From: "Gary Britt" 

That's a really stupid comment and reflects a real lack of even an
elemental understanding of many things.

Gary

"Bill Lucy"  wrote in message
news:MPG.1e0c11929f4e8d5b98977f{at}news.barkto.com...
> In article , email{at}from_Gary_Britt.org says...
> > If the entire market of all funds and analysts, etc. collectively
thought
> > the oil companies were extra profitable then they collectively would be
> > buying sufficient amounts of oil company stocks to bid up their share
prices
> > sufficiently to cause their price earnings ratios to rise above the norm
for
> > most companies, which hasn't happened.
>
> Yeah, those 80% annualized returns in the 3rd quarter weren't much of an
> indicator.
>
> 

That's a really stupid comment and reflects a real lack of even an
elemental understanding of many things.

Gary

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