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Strategies & Market Trends : Sharck Soup

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To: GREENLAW4-7 who wrote (35261)9/13/2001 10:41:10 AM
From: mishedlo   of 37746
 
This market is running on fumes.
This did not help consumer confidence at all.
A worldwide depression is possible IMHO (although very slim).

Immediate reaction is very very difficult to predict.
They will want to show confidence in the markets.

During attack on Iraq markets went up.
Before attack steady decline.
I just do not think one can layout any case with any reasonable degree of certainty.

If we strike hard at a known target and crush it that will raise confidence, but for how long?

Airline travel will certainly go down.
Energy costs will likely go up.
Insurance costs will go up.
Layoffs will still increase.
The costs that matter will go up.

Perhaps the oil industry cooperates and oil goes down. That would certainly boost things.

The longterm picture does not look good to me.
Anything is possible. We can rise 300 Naz points in two months now and that would not surprise me.

I will be very reluctant to hold positions overnight (long or short), but that has been my stand for quite some time anyway.

M
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