** energy stocks booming **

  1. 24,765 Posts.
    The XEJ index is one of the few up today.

    The Energy index has also risen from 3,500 in March 2003 to over 7,500. However, before we get carried away, let's put things into perspective.

    Our old Oil and Gas index rose from 80 in the middle of 1977 to a high of over 1,100 by the middle of 1981.

    A similar rise in the XEJ takes it to 47,000. Something like that is also not out of the question.
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