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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (13835)3/3/2003 3:14:32 PM
From: stockman_scott  Read Replies (1) of 89467
 
12:44 ET Bear Stearns sees substantial market re-pricing within a month

Bear Stearns thinks that the market will re-price substantially within a month based on progress in Iraq's disarmament. The re-pricing could start sooner if the U.S. releases the Strategic Petroleum Reserve before the Iraq war. Firm says it is increasingly likely that a U.S.-led"coalition of the willing" will enter Iraq in March. Believes this would reduce uncertainty substantially, causing a re-pricing in financial markets. On this, firm would expect equities and the dollar to strengthen, and oil prices to fall.
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