Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (3960)	8/5/2002 5:02:06 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

4:03 (Dow Jones) You can pretty much disregard that nifty rally of a week or so ago. Stocks have latched on to negative thoughts once more - the economy, the Middle East, Latin America, etc. - and a retest of lows is probably in the works. In fact, the Nasdaq Comp is closing at a bear-market low, and is only about 15 points away from its intraday low. ISM data not horrible, but not encouraging, while bets heat up for next Tuesday's Fed meeting. Cisco reports tomorrow night, and outlook isn't expected to be much different than in quarters past. Major averages close at or near session lows. DJIA sheds 274 to 8038, Nasdaq Comp falters by 42 to 1206, and S&P 500 drops 30 to 834 (preliminary).

To: Jim Willie CB who wrote (3960)	8/5/2002 5:42:25 PM
From: sylvester80	Read Replies (3) \| Respond to of 89467

I'm sure some or all of the items you've mentioned may have something to do with it. I still say though that gold price benefits the most during high inflation times and the reverse during low inflation times. Given historical data, that seems to be the case. JMHO.