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To: AllansAlias who wrote (49539)8/8/2002 3:13:07 PM
From: Chris G.  Respond to of 209892
 
And alot in the name of politics to make it worse.

Here I sit missing another good rally; wondering if in 15mins it's going to reverse lol



To: AllansAlias who wrote (49539)8/8/2002 4:07:08 PM
From: yard_man  Respond to of 209892
 
>>Now the market has to discount "Oh, the gov't will try bailouts if the banks get into trouble." <<

I want gold to discount that -- it hasn't yet, IMHO.



To: AllansAlias who wrote (49539)8/8/2002 4:08:06 PM
From: whydididothat  Respond to of 209892
 
The timing between these upward retracements and the next trip down may fit Washington's needs (November elections) quite nicely. I could see something like 3-6 weeks more up, followed by 3-6 weeks topping action, then down. The market trashing would then ironically occur after the expected September-October period.

If "they" are in fact doing this (instead of technical factors behind this bounce), both the markets and the incumbents' re-election chances are $crewed anyway.

Looks like I'll be waiting on the sidelines until then.



To: AllansAlias who wrote (49539)8/8/2002 7:14:51 PM
From: NOW  Read Replies (1) | Respond to of 209892
 
LEt me tell you, from where i sit, th egovernemt is doing its damndest to support the bubble in more ways than one: the money is flowing likes tsunami waves in the public sector for any IT project you can imagine...