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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (63439)	5/7/2002 10:40:18 PM
From: t2	Read Replies (2) \| Respond to of 99280

George, I think we are seeing some market manipulation here. The afterhours trades, especially on Cisco were not justified based upon the Earnings/Guidance. The amount of the move and the futures trading is what makes me think this way. The fact that the bombing had no effect only strengthens my view; that should have at least created a small drop..but nothing happened in AH. Over in Asia, they are saying that the strong productivity numbers are responsible for the dollar's 1 day rebound after a sharp sell off. So the Asian currencies are weaker..and their central banks sit on huge dollar reserves which were created to defend their currencies, not weaken them. I don't think they had been expecting to run into the reverse type of problem of weakening their currencies against the dollar....if my hunch is correct, their dollar holdings means the US$ is a bubble right now. Japan talked down the Yen yesterday. My belief is that each of those central banks are looking to reduce their dollar reserves before their neighbor countries do..and their trade with the US makes it harder to accomplish this. Watching the US$ index-- quotes.ino.com If it drops by tomorrow AM, that could create a problem for the US market "rally".

To: Crimson Ghost who wrote (63439)	5/7/2002 11:56:31 PM
From: Jdaasoc	Respond to of 99280

If Al Qaida takes claim for bus bombing in Pakistan all bets are off. Also, Sharon's got a short fuse. I may seem to be extermely cynical but recent history indicates that 30-45 Palastians will voluntary or involuntary find marytrdom later this week. It could get quite expensive for Iraq and Saudia Arabia for survivor benefits. Oil may have to go up in price to cover it. The last thing we should be worriing about is the temporary price apprecaition in crappy tech stocks. Praying for the next 100 or so dismembered victims in Israel and Palistine. Pakistan Bus Blast Kills at Least 10 KARACHI, Pakistan (AP) — A bomb ripped through a bus Wednesday killing at least 10 people, all believed to be foreigners heading to their hotel from the airport, police said. Another 20 people were injured when the powerful bomb shattered the bus, they said. It's believed that many of the passengers were Germans.