Win Lose or Draw : Be A Steve, Make A Call Message Board

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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Win-Lose-Draw who started this subject	3/12/2003 10:48:44 AM
From: byhiselo	Read Replies (2) of 11447

rumsfeld the most dangerous man in the world: Tero Kuittinen Circles close 3/12/03 10:10 AM ET Well, full circle. Phone stocks are trying to keep the uptick going, but "safe" plays like banks, insurers and consumer goods firms are now a major headache. The culmination of the bear market is probably going to be when stuff like MMM goes into a tailspin, so it’s good to see we’re edging closer to an S&P driven market. That’s one step closer to the ultimate bottom. It’s likely a matter of time now when the October lows will be breached -- will it happen without any bounces of will we get a last uptick before the big swirl? In the end, the market is going to be finally slain by boring washing machine companies and stolid insurance firms -- not tech plays. England had been the most tenacious bourse in Europe, but it’s pretty much falling apart today. Rumsfeld has apparently finished burning bridges with continental Europe and alienating Turkey -- he has now switched to destroying Tony Blair. Last night Rummie slapped down Blair’s personal sacrifices and indicated England isn’t actually needed for fighting in Iraq. The Footsie is dropping more than 3% as the domestic turmoil in England spikes up. The fall of Blair’s government has now entered the English betting parlours -- it has finally become a real possibility this week. Of course, there is no serious discussion in the American media about the havoc Rumsfeld creates. The global disarray is firmly attributed to foreign evil weasels. US journalists are busy asking questions like “How does your faith sustain you, Sir?” as Rumsfeld sabotages his last major ally. America has sealed itself inside a media bubble that shuts out everything but messages of how dangerous and faithless the rest of the world is. It’s a grim stage for global business as we move inexorably closer to full-scale trade wars. And that in turn will close the circle that started after Depression -- we moved from protectionism to free markets and now we'll swing back.

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