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Strategies & Market Trends : Steve's Channelling Thread

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To: Bosco who wrote (9942)	1/8/2001 8:00:34 PM
From: Logain Ablar	Read Replies (2) of 30051

Hi Bosco: I actually tried to respond to you twice from a post over a week ago but between SI (boy does it s***) losing both responses, my own internet access issues and work I haven't had a chance. Anyway Bush is just trying to use a reason to push his tax cut agenda (good reason actually). Zeev and I differ on the benefit of his tax cuts (or at least we differ on the high income earners) and while I agree 100% we need to pay down the debt I also feel we need to curtail the funds or the politicians will spend it. It is a fact if the funds are there they will spend it on pet projects. I'd rather the corporations and individuals decide where it should be spend vs. the government. As for Bush making the situation worse thats just FUD. The situation is pretty dire already (note the 50 basis points but of course AG should have cut 25 in Dec and again in Jan) in auto land, the far east and south america. He's just starting to make the people aware (versus current administration indicating everything is fine and rosy). Wait till you see the next couple of jobs reports now that were past the holidays. If your still on margin I think you might have survived <gg>. It looks like we should rally for a bit from here (Zeev and I differ again in that I think we can rally for a couple of months (of course AG needs to cut again @ the end of the month for that to happen). Even if we rally for a couple of months you need to sell once we start to be over brought and buy when its over sold. Its still too early to become a long term investor (Zeev and I agree maybe next Oct/Nov). I can't post much for a while. Good luck Tim

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