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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (19360)8/17/1998 6:01:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
This is the kind of post I look back and enjoy, when I was dictating this to Samira all hell seemed to break loose but fundamental purist no-nonsense appraoch led to me to say even when markets in Europe and China were down--
''Today, I would expect the market to be very volatile. I wish I could say that there will be a 500 point drop in Dow; looking at the charts now I can always follow the market and talk about huge bearish approach, but this is not what my indicators tell me. Consistency is one thing which my model maintains and it is only the macro-economic conditions of the US - if they start changing and bonds start telling me something else, I will have a different view. With Treasury now settling at 5.51, equity markets and dollar assets can only be helped.''

I am extremely satisfied with the read of the market and happy to see that we closed nicely,lets see what is in the store for us next..
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