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Politics : Idea Of The Day
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To: Getcher who wrote (16928)2/9/1998 3:45:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Getcher- I reached Kuwait last night- early morning papers contain a big government annonucement on 'measures to protect yourselve from poison gas attack' not that I was not aware of what's happening here but for me these events or President Clinton fiasco 'zipgate' are marginal issues- it is because of my believe that they are minor events that I flew in here - Saddam is a minor blip in context of markets his is a minimal impact on Oil or Oil routes so such fringe matters should be taken beyond myopic vision of pits and anyone who does that is going to successful- read the stories right and judge the impact correctly -this is good solid investing cardinal demands- as for charts keep them simple and avoid all this understanble exotic formations if exotic formations was real todays super computers would lead firms to make the best profits like Kaprov in my humble opinion Buffets and Sorros of the world will be the winners and they don't trade with exotic ununderstanble charts they do it with fundamentals.I remember the last time we met in NY we discussed this in 'Waldorf Astoria' I stil hold on th my old believe. I have always said Saddam is history like Hitler was last few gasps- the markets will be volatile when attacks start hopefully bt 17-18th according to Jerusalam Post we may see some selling in Japan and ASEA and some sympathetic selling in Wall Street but I will short on break of 997 and cover and reverse at 967- enjoy this trade the band is of little importance we tear events find truth from hype and accordingly post the direction which so far has been utter pleasure to watch as it runs with script it is simple observation and birds eye view and first hand reporting from the front lines- for me this is a minor problem and as you point out we need to keep close eye on economic fundamentals the 'inflation' ginnie not the deflation one however what an employment number we had last week-
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