Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (52543)	8/22/2004 9:56:48 PM
From: gumnam	Read Replies (1) of 74559

You know I have a day job where I have to react to facts and move quickly to beat all the other hedge funds/prop traders who try to do the same. This year has been all about facts and screw the truth. All in all has been a complete waste of time. But since I have a day job here I am... My thoughts about truth is Bush needs good economic facts to start flowing very soon or this election is going to become uncomfortably close. There are two sets of Non farm payroll numbers and two sets of CPI left before elections. If we do not get good numbers in both of them , there would have been no recovert, tax cuts would have failed etc.......Also now market is moving /has moved to the camp of slowing economy, no job growth etc. Positioning is getting heavier. What will be more fun is if the next set of facts show that 350-400 K jobs get created this month and the next - booming economy, lots of jobs, higher stocks , in short a an egg on the face of Kerry and victory to Bush. That is what I am thinking and fearing. In terms of what I am buying, not too much. Keeping it in cash (mostly USD) and oil stocks. The only stock I have bought recently is FGP (yields 10%, propane distribution business - dull, stodgy company, with little downside and management that does not want upside). What are your thoughts on Korean stock market in general- I was looking at Kepco - Korean electric power - seems interesting - good dividend, reasonable growth and very cheap (40% of BV). My wife is jealous of you - apparently you have got more emails from me than she has. Cheers Anshu

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