Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	11/26/2001 6:05:04 PM
From: I. N. Vester	Read Replies (2) of 99280

Zeev, economic stimulus package is now likely to be dead, killed by partisan politics. pbs newshour analysts on friday of both political persuasions agreeing that both sides are locked into their positions, looks like nobody will budge. there seems to be a sense "well the economy looks like it's going to do OK anyway now", so we don't need to look for compromise. how do the turnips take continued stalemate and eventual non-passage of ANY stimulus package? hasn't a $100B +/- stimulus package already been discounted by the market??? i don't know how long it will take to become patently clear that no package will get passed, but this looks like yet another huge fundamental negative that the market is refusing to face....I just wonder what it will take to precipitate out all the nasty news the mkt has been shrugging off for weeks.

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