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Strategies & Market Trends : Strictly: Drilling II
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To: Crimson Ghost who wrote (18524)9/8/2002 9:05:16 PM
From: Frank Pembleton  Read Replies (1) of 36161
 
George... I agree with this too, oil at $30 - the war is priced in. If the Americans do walk into Iraq - Saddam's army won't be filled with solders, but with deserters fleeing for their lives within 15 minutes of the first wave of assaults. By the second wave, one of Saddam's generals will have served up his decapitated head on (preferably) a silver platter – and by the third wave, the general population will have probably stoned the remaining Al-Qaidas to death.

But it still doesn’t address the strong U.S. dollar, the Fed’s loose monetary policy and record high valuations in the stock market. But that certainly doesn’t mean we won’t get another patriotic rally going into Christmas.

To paraphrase Bruce Lee... My style is to have no style - I swing when the market rises and sway when it falls.

Regards,
Frank P.
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