People better enjoy these quick stock profits while they can -- and book the gains. Forget moving averages, VIX, VXN, volumes, etc. Bush already has TOTAL evidence that IRAQ is behind most of the terrorist activity -- including Bin Ladin. Why have we not attacked Iraq? Because Clinton depleted the cruise missiles and did NOT replace them! Bush has had the factories running 24/7 since September replenishing these. These missiles are a necessary component of a war with Iraq. Saddam has built a surface to air capability MUCH more sophisticated and powerful than during the Gulf war. This must be taken out by cruise missiles before US air strikes can begin. The rebuilding of these stockpiles will be complete in April. At that time, IMO, you will see Bush expose the evidence to the American people and the world implicating Saddam. A full-scale attack will be launched. Bush really has no choice because Saddam WILL have AIR-DELIVERABLE nuclear capability soon. He may already have BOAT or FOOT-DELIVERABLE capability now, however, Bush knows he has no choice no matter what the risks because the risks only INCREASE with time. And make no mistake, the risks are HUGE! If you were Saddam, and you had already trained and funded the Bin Ladin attacks, would you be content to fight a war with the USA on ONLY your OWN soil this time? When this war breaks, all of those warnings from BUSH and ASHCROFT about 9/11 being only the beginning and certainly not the worst attacks will begin to not only make sense, but they will come home in a most horrifying way.
It is disturbing that people can get so wrapped up in the stock market that they forget much more important events that are happening around them and without their knowledge. I am only addressing this here in relation to the stock market because that is the relevancy to this thread. This is NOT a political post. It is a warning to those who listen to the talking heads on CNBC and the brokers -- those who make their money ONLY by fueling BULL market runs!
That is why I laugh (in a disbelieving way) when I hear these forecasts of economic recovery, disregard for PE's, etc. These people TOTALLY ignore the myriad of events transpiring around them and assume a PERFECT world scenario in order to JUSTIFY their ridiculous predictions. They live by the rule of "the end justifies the means" -- the "end" being more money in THEIR pockets and the "means" being outright lies to the public at worst and total disregard for history, facts, and world events at best.
If this scramble for quick money continues, I may suffer a brief "humiliation" from some. But when the war breaks out, remember I told warned people when they still had time to book profits, be content without quick money, and have the ability to at least HAVE A CHANCE to ride out FINANCIALLY the storm that is coming. Those who listen to CNBC and the brokers and have 90-100% "invested in the stock market" when it begins, will suffer financial ruin along with the other consequences as well.
I'll now go back in my cave because I'm sure the vast majority simply tune out the "crazy old pessimistic fool". Hopefully, somebody heard what I said.
I remain,
SOROS
ps Don't listen to any of the above ramblings or you may miss getting rich in the stock market this year.
pps I won't even discuss the seismic activity that has been building around the globe recently. This will also be a MAJOR story this year which will further complicate the world economic picture. |
