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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject3/17/2003 11:42:18 AM
From: zonder  Read Replies (1) of 436258
 
11:19AM HSBC says any war-related rally will be short lived
HSBC said although it expects equity markets to rally 15 to 20 percent following the outset of war with Iraq, the firm expects the gains to be relatively short lived as the underlying problems with stocks -- those related to the popping of the equity bubble -- should continue. "Those investors who expect the current economic and market malaise to be ended by a successful Iraqi war will be disappointed before the end of the year, in our opinion," the firm said in a note to clients. "As such, we do not recommend buying equities for this rally, except for short-term investors."

by Tomi Kilgore

Basically, what they are saying is: "We expect market to rally 20% but we don't advise to you buy and make money". Morons.
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