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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: electrodude who wrote (56901)9/9/2002 2:01:46 PM
From: the Chief  Read Replies (1) of 62348
 
Just wait tillt he bombs start falling and the talking heads recall the start of Desert Storm marked the beginning of a huge rally

I will explain my pessimism. It has nothing to do with Telescopes either. For the first 6 months after 911, the market reacted to every plane crash, building fire/evacuation as a terrorist action. It is only now that we start to recover from that fear level. Bush talking about Saddam, Blair supporting him, now causes many to begin that fear cycle all over again.

A comparison to Desert Storm and what "may be about to happen is an inaccurate comparison. Desert Storm was "perceived" by the westerners as liberating Kuwait. The middle easterners perceived the liberation of Kuwait as Satan himself stepping on Muslim holylands.

This is what bought Osama to the forefront, and gave him the platform under which he could fight. An invasion of another Muslim state would insight many who believe that the US is the true Satan. So my bet is that any involvemnt by the uS in the middle east will "screwup" these markets for the next 3 years.

To the end I have commited a significant dollar amount to gold and gold funds. I beleive that if Bush and Blair are boneheaded enough, they may screwup the civilization that we are all used to for a number of years. If they back down now, your scenario may play out. The only thing that can almost be assured is oil will spike down right after an easy win over Saddam, any prolonged fight, we gotta problem.

Bookmark this message, I will bookmark yours, see you in Feb.
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