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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: HairBall who wrote (1269)12/10/1998 9:48:00 PM
From: Haim R. Branisteanu  Read Replies (1) of 99985
 
It is a big puzzle and I hope he will be sent home. As a result Gore will come to power and the markets will slide.

The dollar will slide to as the Euro will start to be the competition to the currency of choice, and will take the market down.

There are about one trillion US dollars overseas in mattresses which help finance the US debt, as no interest is paid. The Euro will change that and accelerate the devaluation of the dollar.

I also anticipate some sort of friction in the ME, first there are infights with in the Saudis regarding their power transition and Arafat will play his dumb pocker card and declare a state which in return will trigger war.

Just today I discussed the issue with a High Yield MD at on of the WS houses. He is looking at oil service company to collect some beaten down situation. As usual we did not agree to the timing of the final bottom. But it is 1973 all over again.

All oil interest in the US and all over the world, will drive to unrest to solve the accute problems of low oil prices. aside from ME, Russia, Venezuela, Nigeria China will all benefit from higher oil prices and save their day.

Which in turn will bring inflation

BWDIK
Haim
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