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

To: rich4eagle who wrote (276610)	7/16/2002 9:24:07 PM
From: SeachRE	Read Replies (2) \| Respond to of 769667

Markets discount everything except catastrophes. I don't think Dubya qualifies as the latter...yet. My feeling is that most of the bad news are factored in, and I'm not selling here (Naz may have been at its worst July 29 around 11AM when funds were dumping Naz and buying bloated Lockeed, General Dynamics,PG & MO - all down a lot in 2 weeks). I hope GW learns a little bit as he goes.In sum, I'm positive despite the current Administration.

To: rich4eagle who wrote (276610)	7/16/2002 9:52:50 PM
From: MSI	Respond to of 769667

Good question. The first gotcha is whether the economic numbers are phony "inventory liquidation", and contraction actually continues. The second issue is declining confidence in truthfulness everywhere (Washington, Wall Street, the media). Public confidence won't return until at least some of the ugly questions are answered in the mainstream and not covered up like tomorrow's report on the intel agencies. As it is, most believe there's something more rotten than usual in the Beltway. That's not good for politics or finance, and even the big co's don't know who can be reliably bribed if investigations hit paydirt <gg> FWIW, I'm still "wait and see", 15% exposed to equities in NEM and HDWR, and 50% (and dropping) in r.e. projects, being sold off this year.