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To: 4figureau who wrote (782)7/31/2002 9:44:47 PM
From: 4figureau  Respond to of 5423
 
Puplava Paragraph:

>>Today's Markets

Wall Street was jubilant that the markets finished on the plus side given all of the negative news. Just a sample listing of a few of the stories: economy begins to slump, economic numbers revised lower, Adobe sales drop for the fifth straight quarter, Brazil's currency plunges on debt default concerns, Allianz abandons profit forecast for the year, Verizon loss widens, Cooper Tire sanctioned for withholding documents, AOL Time Warner hit by 2nd Federal probe, Democrats covering up for Rubin, suicide bomber kills seven in Jerusalem, and Saddam Hussein in process of acquiring nuclear bombs. Given all of this cheerful news, the markets staged one of those miraculous last hour recoveries as it went out for the day in glorious fashion on a huge number of statistically improbable up ticks. Whoever was buying didn’t care about the price. They were just buying in a maniacal fashion. So we went from one up-tick to another, rising like a submarine desperate for air until the markets finally went positive.<<