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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Nick who wrote (42152)9/19/2001 3:29:28 PM
From: stockman_scott  Respond to of 65232
 
<<a "tsunami">>

Nick: Unfortunately, the radical and ruthless terrorists caused that when they leveled the WTC towers...They set off a tsunami of IRRATIONAL fear in the markets (and may have assisted by shorting in their offshore accounts as well). They want to destroy our way of life.

We will ultimately prevail....Yet, this will be a long, hard battle.

Regards,

Scott



To: Nick who wrote (42152)9/19/2001 3:47:58 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
how about that TSUNAMI (not what I expected)

terrorism on a few fronts and different nations
Benny Laden and his handymen are likely to focus on US targets
their creativity convinces me of new targets
e.g. water supply
e.g. train stations (transportation ripple effects)
e.g. schools

the European events will be for distraction
possibly from non-Laden groups who take advantage of chaos

as for financial markets, patriotic buyers will get slaughtered
unemployment will rise substantially
heard today a guess of 5.5%
economists call them forecasts, but their are only educated guesses
recession will be at least 2 qtrs, possibly 3 qtrs
property prices will finally come down everywhere
Europeans and Asians were eager to buy US property
that tide will be stemmed

I give 90% chance of the following:
Saudi King Fahd will be assassinated
Pakistan's President will be assassinated
Pakistan will enter a Civil War
Israel will suffer its worst terrorist attack in history
e.g. Knesset bombed while in session

I believe in upcoming months, US and Euro allies will regain the upper hand
several key pro-Laden "workers" will disappear
several cells will publicly be smashed
but Americans will bemoan our lost freedoms

I also expect a nasty backlash against Arab-Americans
it has begun in earnest
now Habeas Corpus and Holding for Suspicion laws are already being revamped
100's of deportations will take place

as for stocks, I expect to see 1350 on Naz possibly
some support at 1500 area is likely from 1998 levels
why the Dow wasnt at 7500-8000 this spring is a mystery to me
it will get there and stay there for a while

that is what I see
but since 1991 vision in my left eye has slipped
something to do with a retinal blister
/ jim