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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: gerard mangiardi who wrote (252996)	5/6/2002 4:56:55 PM
From: rich4eagle	Read Replies (2) \| Respond to of 769667

Gerard, the markets tanked again BIGTIME today. And as you say the markets are all going south in tandem. With interest rates at 2.5% and no place to make money work except in the markets, the markets are telling us that this Admin's policies are bleak for the future as you stated. The market looks forward and all they see is debt, red ink, bloated military spending, and wrongheaded war mongering, fear and war, and no sense of business strategy. Now trickle that down.

To: gerard mangiardi who wrote (252996)	5/6/2002 5:06:27 PM
From: Neocon	Respond to of 769667

People wait until they think the market has hit bottom, then they try to get in on the next big period of growth. This is especially true of speculators, who drive market prices, because they do not buy and hold, but trade rapidly, restlessly in search of getting a jump on the market. The fact is, the speculators have lost their nerve, and it will take awhile before they get going strongly. They do not invest in "future prospects" primarily, but in short- or mid- term advantages. They are not interested in dividends, which are generally mediocre, but in equity appreciation, which takes a "high rolling" market to advance swiftly. For the rest, see my previous post to richie.......