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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (90575)	4/5/2001 5:49:34 PM
From: Andrew G.	Read Replies (2) of 436258

Heinz: 'closed system' you say? Here's why I believe we will tank further starting sometime next week and further into the month: -China/US stand off intensifies as delay in return of soldiers lingers on. (Chinese Chairman is leaving for extended trip. Apparent snub ?) Media starts counting the days and refers to them as 'hostages' China may require a treaty with US requiring 'spy' planes to stay a certain distance from their territory. China/US trade in jeopardy. -Bush tax plan gets shot down in Congress. Requires further revamping and delays in the implementation of tax relief. -Fed DOESN'T lower rates any further at next meeting citing purportedly improved outlooks from hopeful tech companies like DELL and exuberance of Consumers who keep up spending on houses, Best Buy gadgets, and reduced lending rates that are already in place. -Mid East crisis intensifies as Iraq and other Arab oil countries voice their discontent (corollary: oil prices rise ) -CA energy crisis becomes more real as rolling black outs become a weekly event -More layoffs, more downward earnings, more lack of 'visibility' -Japan's economy continues to stagnate and crimps sales in US exports. Oh did I mention, more debt (consumer and corporate). But that's all predictable so I'm not being a prophet of doom. The good news may be that we all can learn from this. Golden Rule: Do onto others as you would have them do onto you. (ie don't be snooping around other countries like you have some special privilege to do so unless you don't mind them doing the same to you) Consumers and Corporations should make sure they can pay their monthly obligations before they think about leveraging themselves on debt that they can't pay down Don't deregulate one component of an industry (like energy) while letting the other component run wild and free. Don't depend on global economies to buy from you and don't depend on them for critical resources if you have them domestically. If any or all these things are apparent, why are we so enthusiastic here about some big rally or rebound in the stock market ? Maybe it's the perversity of buying like consumers buy when their credit cards are almost maxxed out ?

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