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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (23886)	10/5/2002 12:19:16 AM
From: LLCF	Respond to of 74559

Wowa... I better, I haven't looked at THAT in a while. What is it... 1/4 old and down 50%??? I have been buying a few things for the tax season... but not much. Thinking about wading in deeper... smart, or just plain stupid? Maybe I'll check out my Terrot Cards. -ggg- DAK

To: TobagoJack who wrote (23886)	10/5/2002 1:32:10 AM
From: energyplay	Respond to of 74559

Dock lockout/strike - there was a brief rumour it was settled this afternoon - that went away quickly. Biotech - I own a little SCLN - SciClone - been trending up in a lousy market the past 3 weeks. I think there is an outside chance that Bush's speech on Monday night will hold out a partial olive branch to Saddam, and he will try to grasp it, maybe put one of his sons in charge and go into internal exile around Tikrit or maybe Syria (run by the Baath party) Chance of this less than 5% The other optimist sceanrio is the dock action gets settled, and the fed cuts rates 25 bp on the same day, followed by some upbeat earnings reports and forecasts (the negative pre-announcements tend to happen before the end of quarter) Shorts get hit pretty hard, and forced covering drives the market up about 10%. The market climb causes some people to start switching from bonds to stocks, which keeps the market up through early November... Chance of this maybe 10-15 % - since most of it could be orchestrated by the Fed, especially Peter Fischer. Resturants tend to be erratic except at the bottom McDonalds, KFC and the top end.