PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: tejek who wrote (590402)	7/13/2004 6:47:40 PM
From: Enam Luf	Read Replies (1) of 769667

if you had clue 1 with respect to finance and economics, you'd understand that rallies (and dips) are sometimes technical in nature. In this particular case, it was also likely the result of the spending ripple which was on the upswing after the 2001/2002 shutdown. the traders/momentum players often buy off "relative" performance, which means market swings can be manifested without underlying fundamentals. i also wouldn't be so quick to dismiss the impact of higher rates. higher rates have the potential to shut down consumer spending (due to consumer debt), stall the housing market, and stymie exports. If you look at the history of the market, it almost never goes up in the face of rising rates. while politicians affect taxes, and taxes affect the market, it often takes some time for the impact to be seen in valuations. i'm no bush fan, but I can't stand when people spout off about concepts they don't understand.

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