Gosh John, you paint a very rosy picture.
1) Disagree. He's not giving up that fast. He's got a much superior army and equiptment to Sadam.
2) Somewhat agree. Tax rebate will help, but they have to go into the market vs be spent on consumables.
3) We got a partial backup, I think we need to get out some more excesses and need more broad participation. People don't seem to want anything more that large-cap, well-known names. To go higher, we need everyone pushing!!
4) Can't address, but a nice thought.
5) If inflation stays low, possibly. I still think the rise in oil will be inflationary. How much is the question. If AG sees anything, even on the horizon, UP RATES GO. DOWN STOCKS GO. Perfection can't last forever, and we've had perfection for a while. There is nothing higher to reach for than the top of Mt. Everest, and we're there. The object now is to keep it going....for a long time.
6)Some stocks yes. LU down 20% from it's high, for example. EMC holding well, but still given a wide berth and a lot of lattitude on PE. One earnings warn.......down we go. How about the DGN rumor? Let's make sure that this entire year stays robust with sales and earnings. This could "die on the vine" in Q4 as the Y2K froth really scares enterprise customers into NOT BUYING ANYTHING. Sure we've heard the opposite, but there's selling and marketing in those messages (until proven otherwise).
7) Inflation is Dead until oil price increases creep into EVERYTHING YOU BUY. Then it won't be wage pressure but pricing pressure. Whoa. That changes everything. Just watch it carefully.
8) There is no 8....<g>
Stay bullish, though. Psychology is important!!
Steve |
