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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: shoreco who wrote (59291)	5/10/2002 6:42:42 AM
From: stan_hughes	Read Replies (2) \| Respond to of 100058

shoreco - Well, it would drive up oil prices, gold and defense contractor stocks, but if 20 countries pick sides and join in, I think we'd have a bit of trouble with everything else. Speaking of IBM, look for big layoff announcements in the coming weeks. Bad for employees, but the market might like it - cost cutting. We'll never know for sure about August 2001 because things were getting pretty sour pre 9-11 anyway, but I think a lot more people (and big money) knew what was coming down the pike than we'd care to imagine. Its not like the US doesn't have enemies, and some of them have deep pockets. IMO a lot of the original keffuffle about asset freezes and seizures likely related to traceable questionable market activity. Maybe we'll read all about it in 50 years after they remove the Top Secret designation from the files. Time for brekkie here, you have a good one on your field trip.

To: shoreco who wrote (59291)	5/10/2002 7:53:05 AM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 100058

shorteco - I cured my paranoia about 911. Take a closer look to the indexes, you will notice that the move started very early in August. Sep lows also were close to target: Dow 250 pts lower, Compx 100 pts lower, Russel1000 30 pts higher. On target of a H&S neckline going back to 1998. Only the Dow has a right shoulder higher than the one of broader indexes. So, patriotic buying did work (prices did not tank in a panic below the neckline) as did the closing of the markets. JMHO, FWIW.