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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (12520)	6/3/2002 2:45:27 PM
From: dvdw©	Respond to of 19219

Interesting comments this morning. BTK stocks are getting cheap enough that the M&A cycle can start. This will save big pharma whose R&D over the last business cycle is now confronting an alternate of choice. Gene therapies versus compounds; I'll take the GT side of that bet. Dollar weakness is JIT IMO, this makes the goods and services cheaper, people tend to forget that between 1996 and 2000 we had enormous capital spending; some of that spending is just now coming on line as output growth, and what better environment, falling dollar, makes export cheaper, seems like a lot of this debate is not simple impartiality, but tactical to set up trading scenarios. There are always seems to be missing components to each argument. Right now, there is a move on to split Europe and the US along political differences, ask yourself who benefits from this? While this momentum is likely to continue, Russia and the US will continue to expand their relations and this is very very good. The Russian economy is a sleeping giant and if the politicians dont back step, the Russia of the futures foundation, will be cast in the next five years. That means a lot of capacity will be needed across wide swathes of our economy. Cheaper Oil prices are in the cards, wether their are temporary blips or not, it's a Supply demand issue, and Russian Supply will be material going forward. Demand for US dollars is strong world wide, the total supply of dollars are spread across a vastly different field than any historical metrics calculated, hence much of the simple reductionist talk coming from various camps can be reduced to what it is, incomplete, inadequate, and very partial. Where the market goes short term is anyones guess; all these combined guesses carry about the same weight. Most are half true which fuels the partisans enough to continue to rally their respective troops.