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To: UnBelievable who wrote (47698)12/14/2000 2:34:50 PM
From: chic_hearne  Read Replies (3) | Respond to of 436258
 
I powered down the nukes and am only going to hit ORCL with a pea shooter. I think the numbers are going to be bad, but the market wants to rally and you never f*ing know. My not going in hard is probably better anyways for all of you launching nukes. -ggg-

I have a rough idea of what my tax liability is going to be, so I'm playing it safe the rest of the year until I take out that money and see what I have left to work with. I'd hate to make a few bad trades at the end of the year and not have much coin to play with next year. It's just what I gotta do.



To: UnBelievable who wrote (47698)12/14/2000 2:45:53 PM
From: pater tenebrarum  Respond to of 436258
 
i also think he won't necessarily be good for the stock market...although i'm less convinced that he will pursue a strong dollar policy. he has paid some lip service to same, but what IS a "strong dollar policy" really? i don't believe any primary market trend can be fought by a politician, a central bank, or anyone. if the dollar is ready to fall, it will do so, regardless of the administration's wishes. fact is, never before have foreigners been sitting on such huge amounts of US financial assets, and never before has the current account deficit produced such sobering record numbers. and now a slowdown has begun as well, so the preconditions for a dollar slide are certainly all present.

the reason why i think he'll be bad for stocks is that it goes against the consensus, and that the market has thrived under the previous dudes. besides, i actually think that neither candidate would be good for the market...the market follows its own rhythm.