Very interesting analysis, Susie... thanx; it introduced pension fund troubles to my thought process, which I'd overlooked before. It's also the first I've heard another analyst mention the unlikelihood of an imminent Iraq invasion because of the weather, which point I'd made for awhile as July/August temps can get up to 135 degrees F. (Actually, the weather window for that opens in November, not January)
Another thought about Iraq: after ad agency Hill & Knowlton manufactured the story about Iraqi soldiers kidnapping Kuwaiti babies outa incubators and cribs before the Gulf War, it should be obvious that a whole lotta scary BS will be flowing in coming months. Hussein is certainly a threat, but these numbers about his nukes is utter rubbish. For some truthful perspective, keep in mind that France and Great Britain combined have less than the 400+ nukes Israel possesses (enough to make the entire Arab/Persian world give off a distinctive glow, with a radioactive cloud the whole world can enjoy).
Hussein endangers his own and a few neighbors, and should be taken down. But let's maintain a wee bit of sanity about the process, within or outside of our market calculations. If we had knowledge of such an arsenal, dya really think Dubya would be puttering around the back forty on vacation?
Yah, expect a pro-invasion PR effort to kick in high gear in early Sept as the media inundates us with 9-11 memorial extravaganzas. There's no better time to stir the feeding frenzy of an outraged populace to its fullest froth.
That's why August and October still provide the best bull opportunities, despite the feared tax loss selling of October.
And remember, if credible evidence of Hussein's nukes existed, we'd have Baghdad glowing already. |
