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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (55268)	9/24/2001 8:10:06 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

Possibly, but only for a while..... when the down cycle is over, we'll see much higher levels, it's only a matter of time..... GZ

To: Real Man who wrote (55268)	9/24/2001 8:12:05 AM
From: robert b furman	Read Replies (1) \| Respond to of 94695

HiVi, I have a hard time accepting your viewpoint that money will leave an undervalued market when interest rates are at 51 year lows i.e. fed funds rate - more impactfully treasury yields are at 15 year lows. People on fixed incomes have had substantial reductions in income. The concept that cash is king will be at best a very short term phenomena. JMHO I think it is huge that oil futures have plummeted 10% (approx 3.00/barrel) in the last 2 hours. This is the exact opposite of historical trends.It appears to me to be an endorsement of the military buildup in Afganistan by the very quiet Saudi's.Past war in the region resulted in embargoes What we are witnessing is a very well orchestrated "repriming of all sectors of the economy.The Saudi's know they must ship so many barrels of oil to keep their substantial investments in the Western World protected . Not to mention keeping their desalination plants working. We are seeing the bottom of this market going in now.I expect a retest of Fridays open as momentum indicators diverge and that will be the last great value buying opportunity. We see a replay of Oct 1998 - don't feel too bad it has been vicious.<smile> There does come a time however to recognise an oversold condition and Mr. Market will anticipate the upturn of a now much more organized global market that features low interest rates,low energy prices and a limited global war that consumes "stuff" . The above is not a formula for decline it is a formula for global growth.It is just not yet perceived as such - there in lies tremendous opportunity. In short shake off that permabear outfit and get with the reversal while it's still cheap. Bob All of the above JMHO