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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Frederick Langford who wrote (35524)9/16/2001 7:04:44 PM
From: Sharck  Respond to of 37746
 
Greatings all, I am on my way to the Airport where I will be picking up a cousin who has been stranded in Frankfurt for nearly 4 days. As such, I will not make it to da room tonight.
Let me just add that I will be there tomorrow pre-mkt, and say a few words here.
While I agree with Velo there is no logic buying stocks for patriotic reasons, especially when funds will be selling, there are stocks that will be trading higher tomorrow and I have a list of those too.
There has been billions put into the mkts in way of currency transferrals, 2 Billion to Canada, 10 Billion to Europe, several Billions to Asia. In short, these already add up to .25% rate cut effect. Greenspan will undoubtledly have a few words prior to the mkts opening or shortly after, either way, his prescence will be felt.
On the downside, (for the mkts) it is now my belief, President Bush has started the ball rolling towards a ground troop attack on Afghanastan. However, there are several significant differences btn this and Desert Storm. Time now will not allow me to elaborate here.
Again, I will be in da room tomorrow AM, CU there...
Sharck



To: Frederick Langford who wrote (35524)9/16/2001 8:14:17 PM
From: velociraptor_  Respond to of 37746
 
That's fine for Buffet...he doesn't hold your typical stock anyway.



To: Frederick Langford who wrote (35524)9/16/2001 8:52:12 PM
From: bcrafty  Read Replies (1) | Respond to of 37746
 
Fred, re: Buffett, so what else is new?

I just got done watching him say that on "60 minutes." The thing to remember about him, however, is that he hardly ever sells anything. As you probably know, people jokingly will state that if you ask Buffet when to sell he would reply "never."

I know that you don't want to hear this, but I bet "60 minutes" chose the well-known Buffet to interview because they wanted to attempt to calm the average investor so that he wouldn't panic sell tomorrow, and they knew that Buffet would say exactly what he did. It would have been more balanced, I think you would agree, if they had also had a hedge fund manager on the show to ask would he will be doing tomorrow, and thus maybe get an opposing viewpoint.