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Politics : Stockman Scott's Political Debate Porch

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To: lurqer who wrote (32770)12/15/2003 9:29:06 AM
From: stockman_scott  Read Replies (1) of 89467
 
A Sampling of Advisory Opinion from Barron's Online...

MONDAY, DECEMBER 15, 2003

MARKET WATCH

Wall Street Winners
1750 Old Meadow Rd.
McLean, Va. 22102

DEC. 17 - Ample liquidity has created (again) a strong global economy. As long as the Fed doesn't increase interest rates [in the near future], this strength could persist. But we've long cast doubt on the ability of the economy to navigate through financial troubles without [under]going a cathartic mode.

[And] we underestimated the U.S. consumer. Our working assumption was that households would spend no more than 50% of the tax cuts. Instead, they spent 80%...thus responding to stimuli as the policy makers hoped they would.

-- Yiannis Mostrous

Redwood Technimentals
110 Wall St.
New York, N.Y. 10005

DEC. 11 - Internals are presently in their weakest position since their advance off the lows.... given the divergences in momentum and price, we are a little miffed the market hasn't corrected some yet. But that's why you can't fight the trend in price which, although tapering off of late, is still up.

-- Kevin P. Lane

Straszheim Global Advisors
100 Wilshire Boulevard
Santa Monica, Calif. 90401

DEC. 10 - In the 14 months since the [market] bottom, the economy [seems] to be ... recover[ing] and the Dow is up 36%. Many investors are fearful that the recovery is too good to last. Not in our view. While choppy, we think better economic activity and better earnings will drive equities up more, despite the reality of rising 2004 interest rates.

-- Donald Straszheim

online.wsj.com
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