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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (6897)12/20/2001 11:32:36 AM
From: Jorj X Mckie  Read Replies (3) | Respond to of 23786
 
I do think that the Argentina sitch has been priced into the market, for the most part. I do think that there is an expectation that earnings season will show some bottoming and I am not sure that is in the cards yet. Nobody can know about the terrorist threat that may still exist, but I do think that the market has acted a bit on the exuberant side for the past couple of months considering that there is still a very real threat. And I also don't think that a prolonged military action is factored into the market. We are accustomed to Desert Storm type operations that are over quickly. I don't think that is going to be the case with our current action. Then if you throw in some rising energy costs.....and what happens when the Fed decides that we don't need anymore rate cuts? I think that the market has come to expect them and I don't see too many more hits in that hash pipe.

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