Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (12142)	1/25/2003 3:45:20 AM
From: Baldur Fjvlnisson	Read Replies (1) of 89467

Fourth down year, cont. This latest suckers' rally is in the process of falling apart. One Wall St. pre-fabricated bottoms has failed after the other during this bear market - devastating the vast majority of investors. For some reason Americans put children on death row but politicians kiss the asses of criminals who destroy pension funds and defraud investors. As before I recommend hanging a good chunk of this crim garbage. An avalanche of negative corporate news in early 2003, already under way, will continue burying the market bulls. It's gonna be quite horrible, within the next few weeks this market will get a massive amount of downward revisions for (first- and second-quarter) earnings estimates. As before, nobody is minding the store in Washington. The dollar will keep tanking. Note that for OPEC members appreciation in oil price has been more than offset by dollar depreciation. As Bush and his gang of nutcases launch their next war scams OPEC will demand pricing in real world terms, probably euros.

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