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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (4778)	10/7/2001 10:52:07 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hawk, even under my bullish assumptions, we'll be seeing big time corrections along the way. BBI does look a little extended, it's funny the pressure it was under earlier this year due to long term concerns of the business model being hurt by video to the home. Watch Saudi Arabia particularly closely... The fact that the Saudis are getting "hinky" about supporting us in this "affair", suggests that the Wahhabi clerics might be trying to pressure the royal family (the clerics were big supporters of the Taleban). Undermining the Taleban's government stands to undercut the Wahhabi's power in SA (they are quite similiar in their extreme fundamentalist views and culture)... And that combined with Israel threatening to "stir the pot" (rightfully, imo) against Palestinian terrorism, threatens to send this "war" spinning out of control. that would be a bad confluence of events.... we'll start to see how things are standing this week. The corporate Debt levels, are concerning. ...As reported in today's New York Times. John