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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (22576)8/15/2002 11:45:40 PM
From: j g cordes  Respond to of 26752
 
I'd add that a rate cut wouldn't be dollar supportive. That fact hasn't escaped the Fed, though it has escaped popular commentary.



To: Susan G who wrote (22576)8/16/2002 2:11:24 AM
From: Petrol  Respond to of 26752
 
Whenever I hear them talking about being "poised" to do anything, I get the funniest vision in my head of each one of them striking a particularly specific pose, perhaps while wearing something stretchy and pink and looking quite focused.



To: Susan G who wrote (22576)8/16/2002 5:22:50 AM
From: lee kramer  Respond to of 26752
 
Hi Susan: I've remained at arms length from the recent "bottom, bottom where is, (and will come) the bottom?" But in looking at daily and weekly charts I am seeing increasing numbers of charts that are putting in nice re-accumulation bottoms after severe mark-down phases. Does this mean a new BULL MARKET. Perhaps, though we won't know this until well after the fact. What it does suggest: more charts to trade on the long-side along with charts that are still looking lower. Heck, I even held some MLNM overnight Wednesday... something I rarely do.



To: Susan G who wrote (22576)8/16/2002 8:23:22 AM
From: kendall harmon  Read Replies (1) | Respond to of 26752
 
Suspicious behavior, speaking of which, Susan you will love this:

From Realmoney.com
kendall Harmon
guest columnist

In the overnight papers, consider what is occurring Down Under.

Australians are watching with great interest as the largest insurance bankruptcy in their history, HIH, is being investigated. Ray Williams, the CEO who drove the HIH roller coaster all the way up and most of the way down, has broken a 17-month silence on his company's spectacular multi-billion dollar collapse. While developing Australian's second largest insurer, Williams enjoyed a luxurious lifestyle that included a salary package that rose to $1.5 million a year. He also bought a $2.8 million Mediterranean-style retreat home, in addition to his regular house.

Among the things that have emerged in the course of the investigation is that during his travels Ray Williams had an unusual way of making room for his briefcase. He booked it a first class seat.

The following is a transcript from the HIH hearing with Wayne Martin QC examining Raymond Reginald Williams, the latter being a Member of the Order of Australia (AM).

Martin: "Could you tell us please if, on your frequent first-class trips to London, you booked the seat next to you for your briefcase?"

Williams: "I don't recall specifically. But that may have been the case, on some occasions."

Martin: "That your briefcase was also travelling first class?"

Williams: "That may have been the case."

Martin: "Did you express the view to Qantas that this briefcase should be eligible for frequent flier points?"

Williams: "I can't recall that."

Martin: "And were you subsequently informed that said briefcase would not be eligible for such points on the grounds that it was not, infact, a person?"

Williams: "That may have been the airline's position on that issue."

Martin: "Was that briefcase, from that point on, booked under the name of Casey Williams?"

Williams: "Casey Reginald Williams AM."

Truth is stranger than fiction, don't you think?

onebusiness.nzoom.com



To: Susan G who wrote (22576)8/16/2002 8:32:00 AM
From: Tim Davies  Respond to of 26752
 
I Think a rate cut right now would wipe out the dollar rate. While a 30 or 40 percent decline would be good for exports it may not be so good for the market due to the large amount of overseas money that would pull out. There would seem to be no win win at this time
tim