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To: GST who wrote (132613)10/5/2001 3:12:29 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Note to self: As of this moment all of the "good news" -- government spending binge, feeling of massive overwhelming military response to hunt down one guy who cannot even use his cell phone or cash a check, lower short-term rates, liquidity up the whazoo and a good shit-kicking of the shorts -- all of that has now been priced into the market. Prognosis -- this little bear market rally is over to be replaced by a slow, painful realization that none of this matters and we are going to descend into a very difficult economic mess and face the prospects for hit and run strikes that will be hard to anticipate or prevent.