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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 31.69+2.9%Nov 21 4:00 PM EST
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To: sandeep who wrote (5277)11/10/2002 12:32:56 AM
From: nsumir81  Read Replies (1) of 206968
 
Sandeep,GZ-It's the oil, a new BETTER world order. Rightfully so.

Oil is in all..not just to power cars and aircraft. In pharmaceuticals, petrochemicals, plastics. Any one who pooh-pooh's oil is just plain ignorant (thinking it is just a source of energy).

Every few years, geopolitical changes have occurred that changed the map of the world in economic (and political) terms. In the early and mid-80's it was the revolution in Poland (that started it all in the East Bloc), and Glasnost. Then in the late '80s and early '90s, it was the tearing down of the Berlin Wall, the end of Communism in E. Europe and the dissolution of the Soviet Union. And then the Gulf War. All of them gave an impetus to globalization and the global economy.

Everyone who talks about war says it is bullish and even go on to say it is the ONE thing that would make them bullish.

However, their theories aside, we the global economy need such drastic change to get more countries and regions not participating to their fullest potential into the mainstream. That much I agree with the need for change in such regions of the world. Besides the need for democracy etc (which need to be instilled even in other regions hitherto ignored).

That is the question of 'should'..but can it be done? That is another question and I do not think it will be entirely possible.

It is about a new BETTER world order. And rightfully so.

Settling old scores? Think again.
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