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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (31052)	4/7/2000 12:32:00 PM
From: IQBAL LATIF	Respond to of 50167

I wished I would have answered this one on the same day before the roller coaster slide, imagine I got that 574 slide news in my opening ceremony of the project with 800 guests that could be the last worry on my agenda but later in the night as I watched my closing it was not a surprise, basically that confirms that it is solid money unshakeable in its bullish resolve that cannot be talked out of the bullish frame the backing is huge, like FTSE interest rate rises are discounted by Wall Street, as market believes that FED has a firm hand on the handle.. benign inflation environment and rising interest rates is quite different from days of malaise..I hope you get the drit of this.. On that day of huge slide, I did very little ignored the noise enjoyed my evening like you must have and seen everything back up,, although did not take advantage of TXN 128 visit but got in at 145, but inter day wipe out of lot of fat and reversal will only be confirmed if we move above 13 days ma on Comp and stay above it, such gyrations and moves are the thriving features of this market..The dis-appearance of paper wealth in such a quick reversal is one issue that economists have failed to figure out, the sentiments to see how paperish the money is reduces the ability of the market asset inflation to translate into real inflation, the monied guys knbow that millons can disappear very qucik so does the Joe bloke on the street. as such the economic fall out of a long bull and big statements on aggregate demand is little..