Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Gersh Avery who wrote (40838)	11/9/2002 10:55:49 AM
From: Haim R. Branisteanu	Read Replies (1) of 52237

Gersh, the whole stock market feels like 1998 again, from all aspects, including the unexpected 0.5% rate cut. If I remember correctly the rally from October lows went on until mid February the next year. With a Iraq crisis looming and sure defeat of Saddam I would not bet against the lunatics buying stocks. After all cash even with ZERO risk has no attraction to those that are sold on gambling and euphoric views of recovery. The only glimmer of hope will be in the energy prices which I suspect will head south and provide a broad base "tax cut" like economic drive.......... but inflation will come back quite strongly IMHO. It is amazing how CB's are manipulating the financial markets

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