Greatings all, I am on my way to the Airport where I will be picking up a cousin who has been stranded in Frankfurt for nearly 4 days. As such, I will not make it to da room tonight.
Let me just add that I will be there tomorrow pre-mkt, and say a few words here.
While I agree with Velo there is no logic buying stocks for patriotic reasons, especially when funds will be selling, there are stocks that will be trading higher tomorrow and I have a list of those too.
There has been billions put into the mkts in way of currency transferrals, 2 Billion to Canada, 10 Billion to Europe, several Billions to Asia. In short, these already add up to .25% rate cut effect. Greenspan will undoubtledly have a few words prior to the mkts opening or shortly after, either way, his prescence will be felt.
On the downside, (for the mkts) it is now my belief, President Bush has started the ball rolling towards a ground troop attack on Afghanastan. However, there are several significant differences btn this and Desert Storm. Time now will not allow me to elaborate here.
Again, I will be in da room tomorrow AM, CU there...
Sharck |
