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Politics : Idea Of The Day

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To: James Strauss who wrote (19575)	8/28/1998 2:05:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

James-- the bears have priced in every possible tragedy in the market-- they will not be able to maintain the selling-- we are not in deflationary environment and as such we will not see this thing going much further- we have deep pocketed buyers who are ready to jump in and I assure you that a market in bull trend can correct upto 20%-- yesterday was absolutely no surprise 1030 is my level below 1055 for long long time- but it is not the bulls under pressure I assure you it is the bears they have gotten the market here by default they would need to justify it and market will go back up on back of numbers in a weeks time,the deflation priced in will not be seen and AG will not cut the rate either that will be the most dangerous thing to fuel this market artificially let it come back on its own...

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