JP--OT
In my opinion we will see a cut, and also in my opinion if a cut does not come the market will not take it very badly as a cut will only not come if it proven over next one week that world is not entering an ice age of deflation, I would think we will see atleast further two cuts by march the liquidity lost by hedge funds and the big boys have to replaced the divergence is still their and hence to see the convergence and that normal lking yield curve I would think we need a cut and we will see it, as predicted long bond is selling and it will continue the yields at long end will take care of the inflationary issues right now the banks need to borrow at short end and lend at long.. The market in absence of a cut will still maintain its course it would be funy thing like last weeks BOE cut of .5%, the market sold soon after that the reason being that market thought that a cut of .5% by BOE reflects bigger threat of R word than anticipated so we are in a similar trap a cut will help the stocks as economy in cyclical terms is ahead of Europe ( the economy is stronger) and no cut would confirm that their is no threat from big R or corporate slow down in profits..for 4th quarter other than few movements as a result of strong numbers I don't expect much from the market, every 'guru' who missed the market including MR Accompora and oterhs are teling their chumposs to get in at 8300-- this is non-sense of highest order markets fall when every one expects that markets will gpo higher nearly everyone of our guru is still swaiting help from heavens, they just don't know what has hit them and expose their models weakenesses...
On newt Gingrich-------------
Never pays to dig graves for others, grave diggers NEVER LEAVE THEIR JOBS they fall in one those graves they dig for others, Newt goes back home challenged by his closest friend. I remeber very clearly that when I wrote as crisis started after Ken Starr report that this is going to backfire, some were kind of dissmissive and had written to me privately ridiculing the thought that this crisis will just fade out, finally it did, for me it is not important if Clinton is in White House or not what matters to me the US emerged as a bastion of tolerance, Starr's vindictivenss and skewed vision to put thrash to be read by million of children on net never really worked. Newt Gingrich the man who had the audacity to divorce his wife in a 'cancer ward' lost his job and Mr Hyde the 'statue of limitation is over' character is now planning to hold a shorter version of the whole series. I have always admired people who have a clean track record and lying under oath is not something that should have been condoned but the moment you make Starr the ultimate colector of truth this ombudsmanship leads to inqusitional streaks, all his evidence in my opinion is obtained through illegal coercion, Linda Tripp testimony was leaked all over the place, 'Cigar thing' was known by everyone much before his report came out was his office not under obligation to protect the testimony of wittnesses- what kind of rules he was playing with? He abused his office by letting out the leaks to damage the institution of Presidency and in my opinion criminal justice does not allow evidence obtained thru coercive methods, two wrongs does not make a right he went beyond all reason to demolish Clinton in the end the man who personally supervised the latest ad campaign our dear Mr Gngrich left the office in disgrace chellenged for wrong priorties means he should worked on more legislation less the bluse book of MR Starr..
The US citizens have refused to become hostage of the whims of self styled 'puritans' the only court room a politician is subjest is to general will and on that count it was neither Clinton nor Gingrich who came out the winner it was the hope and victory of tolerance, the 'talbenisation' of US thought was buried under garbage of what will history record as Ken Starr report.. |
