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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (42810)	5/30/2002 2:54:26 PM
From: Soumen Barua	Read Replies (1) \| Respond to of 50167

Omen? Since when we started to trust omens and markets? On a separate note, it costs approximately .06 cents to make $1 note and it costs the same to make $100 bill (although $100 bill lasts longer than $1 bill because of limited circulation). S

To: IQBAL LATIF who wrote (42810)	5/31/2002 7:28:49 AM
From: JEB	Read Replies (1) \| Respond to of 50167

I think it wasn't so long ago everyone was complaining about the dollar being too strong. This should increase exports from my company as well as increase profit for US companies holding Euro's. Oh, ...and one other item, ...I'll get paid faster for the international shipments and laggard international accounts will want to settle and bring their account up to date. I think the XAU could trace back to 80 area and consolidate before next move. I think the XAU is now stronger in the long term and will find base support at a higher level than before. I think the big boys will wait for Rumsfeld to show up before jumping in the market. India is too trigger happy right now and the potential for an invasion is possible since this is the best window of opportunity for that to happen (monsoon season started early this year, 2-3 week window maximum). Notice how the US moved up the meeting schedule for Rumsfeld to next week. Notice the market volume. Who will want to hold a new position over this weekend? A gambler would. So we should see a small pop on the NDX. We've already seen that yesterday and should see more today but I doubt we will see a big move until we get through this weekend. This is a watershed weekend for the market. I avoid these market events like the plague. They are highly unpredictable and I've seen people ruined because of one of these events. It's not worth the gamble unless it is strictly gambling money (lunch money play). I think if we get through this weekend without a move by India, we will rally accordingly and volume will increase in the market. I think technicals mean nothing right now until we get past this weekend. This is the argument I've always had with pure technicians (you taught me not to be a pure technician a long time ago). You can't gage the market for the purpose of taking a position leading into a watershed market event. Historical chart patterns would have to be compared to the 1991-92 time period and even this potential war has different possibilities and or ramifications than the 'Gulf War' but that is the best contemporary comparison time period for review. Rumsfeld's appearance in the theatre will have a calming effect on the market (I look forward to next week). I think Pakistan has made it abundantly clear to the US that they can and will move missile and possibly nuclear manufacturing to the 'House of Saud' if the region isn't stabilized soon. This is a desperate measure and not a good move unless times become desperate. President Musharraf has moved troops to the Northern border for (supposedly) protecting the Kashmir border area. That's bull! He's positioning to take on the Al Qaida and radicals himself. He has to take them on now or lose face to the rest of the world as well as lose power and control over his own country. I would expect US air power to back him up.