Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (44761)	7/22/2003 5:05:06 PM
From: MulhollandDrive	Read Replies (1) of 57110

i agree with you wrt to the fundamentals of the economic picture. but i also feel sun tzu is correct when he points out the market psychology is still bullish and eliminating the hussein sons and the sense that saddam in the cross hairs just provides more buoyance for investors. i don't have trim tabs available, but last i heard there is still a huge amount of sideline money in MM funds, so i would challenge the idea that investment dollars are already deployed. no question either we are overbought technically and due for a retracement...my point is i think the dipsters will come out in force when it happens...barring any other very negative exogenous event (korea, iran, liberia for example)... if it looks like the tide is turning in the coalition's favor in iraq, though i'm loathe to do so, i have to agree with kudlow and cramer...short is NOT where you want to be <edit> crude down 5% today on the news of the hussein sons deaths

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