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Politics : Stop the War!

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To: zonder who wrote (5862)	3/31/2003 1:13:53 PM
From: Augustus Gloop	Read Replies (2) of 21614

<<Which of the excuses used to persuade the American public on invading Iraq do you propose to use for the case on Syria?>> Syria is a known terrorist state. I'd like to put out as many fires as we can while we're there. <<the dow is headed for 6300 and if that doesn't hold 4700-5000 would be my next expectation. The nasdaq could go as low as 650 but I don't think it will go that low. I could see 950 though>> No I'm not making it up! Gosh do you think you're the only person capable of looking at a chart. It seems to me if the dow breaks 7200 that the next stop is 6300. From there its a little harder but based on what I was looking at I thought 4700 to 5000 was a real possibility if we broke below 6300. I base this on several things....current earnings, future growth estimates and since we went too high on the upside I suspect we may go too low on the downside. Now I don't manage a mutual fund like you do but I do look at charts and unless the fundamentals change and we get a pop in earnings we're over valued. The one thing that would change my mind is if earnings started to ramp. Since expectations are so low even a modest bump in eps could make growth rates look very good. I would also say that a potential tax cut in cap gains would benefit the market greatly. I might add that I find talking with you to be quite a chore. I could say the sky was blue and you would argue with me just because I have a different opinion that you wrt this war. I find this remark to be somewhat insulting. Do you have a basis for that or are you just making it up?

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