Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: BubbaFred who wrote (49554)	5/6/2004 2:35:58 AM
From: Taikun	Read Replies (1) of 74559

I guess that's why the service economy numbers looked so good-the jobs numbers are service jobs and a predictor of service industry growth. Still, foreign markets look to the US. Did you know the UK imposes a stamp tax of 0.5% on an equity order (on a $1400 order that the tax is more than Scottrade's entire $7 market order commission). Not even France does that. My point being the US market is where everyone looks. investors see a strengthening dollar, strong numbers that look like a rebound, low financing costs for business, strong earnings data. Remember many fund managers saw the second half beginning to get difficult. May is usually a good month (sometimes into the first week of June). I firmly believe this is a bear marker, as you obviously do, but I won't rule out a 15% chance of another leg. So, along with my long-term index puts, I have some short-term index calls. That is what this is. This is a long term bear market with a small chance of a short term bull rally. I look to augment my position when the VXO is at or near its 10 day m.a.

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