Stockman Scott's Political Debate Porch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim Willie CB who wrote (1814)	7/10/2002 11:34:15 PM
From: stockman_scott	Read Replies (1) of 89467

Whitepine makes some interesting comments on the market... siliconinvestor.com Believe the USD has further to fall. About 35% foreign bonds, holding SJT, PGH, and a bit of PGO. 55% cash. Dynamic markets will probably see continued selling by foreign holders. Tough to measure magnitude of high/low limits either ST or LT as many major players have agreements and positions that may have to unwind in ways we can't anticipate. As likely, a reasonable trading range on Dow of 7500-9000. Without a firm reference point, it becomes more difficult to define the level of risk we face, IMO. Thus, prudent to me to sit on the sidelines. Further, I don't believe the general inverse relationship between gold and market averages will necessarily continue. Argentina, Turkey, Brazil will continue to be wild cards on the horizon. Good luck to those who take positions long in equities. -whitepine

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next