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

To: pogbull who wrote (8121)	10/15/2002 3:26:14 AM
From: stockman_scott	Respond to of 89467

Monday is expected to mark 1,001 days of the bear market, which began on Jan. 14, 2000, according to research from Trend Macrolytics, an economic and market research group. The longest bear market to date began on Sept. 7, 1929, and was also 1,001 days. marketwatch.com

To: pogbull who wrote (8121)	10/15/2002 2:32:01 PM
From: stockman_scott	Respond to of 89467

Risk of U.S. deflation very remote: Fed's Bernanke Tuesday October 15, 2:22 pm ET NEW YORK, Oct 15 (Reuters) - The U.S. economy is not likely to succumb to deflation and the central bank will do everything in its power to prevent it, Federal Reserve Governor Ben Bernanke said on Tuesday. While the U.S. economy is in good shape, Bernanke also said he won't be confident the recovery is solidly on track until jobs growth -- which has been stagnant -- picks up. "The Fed would do what is necessary to ensure that it (deflation) does not happen by being preemptive," Bernanke said, noting that there was still room to cut rates to zero and there were "other tools" available to the Fed if necessary. Bernanke made his remarks in a question and answer session with the audience and a conference with reporters after delivering a speech to the New York Chapter of the National Association for Business Economics. Monetary policy is "accommodative," Bernanke added. The Fed has held short-term borrowing costs at a four-decade low of 1.75 percent for nearly a year.

To: pogbull who wrote (8121)	10/15/2002 7:36:23 PM
From: SOROS	Respond to of 89467

<font color=red>GOLDEN DOGHOUSE</font> "naive technical analysis the stock indexes are jumping up fast upon realization that some companies actually met the severely reduced earnings estimates, which might have been lowered each four times, and that any war with Iraq has been put off I am utterly amazed that intelligent people actually believe war would be good for our economy, or any other nation's since when does empty spending and exploding capital mean jobs and wealth creation??? absolutely nothing has changed on fundamentals in fact, evidence abounds that German, American, Japanese banks are crumbling under the weight of failed credit portfolios, with the most dire situations arising with banks that participate in gold cartel activities no, this jagoff jumping jugsnagger jackass believes that big moves up set the stage for bigger moves down has anyone attempted to move a car in winter from a wetsnow rut? you must push backward in order to gain forward movement up & out I suspect that WallStreet bigboys realized they needed to promote a rally why not after some weak bignames met lowered EPS marks on the wall? why not after Soddomy has outmaneuvered Bushy with weapons inspectors now about to observe marks in the sand? Dow 7000 is looking mighty vulnerable now strong downward force is coming today I bought a bunch more Novagold (NRI.TO) and Seabridge (SEA.V) just a matter of time before the shorts run out of covering boy oh boy, did they get their nuts cut off? nothing is easy in this market, even for hedge fund managers how much money does the public wish to toss into this market? not much imho" AND: "very nearterm USdollar resistance still holding firm that nearby level is around 108.1 today's close was 107.77 the buck gains have been puney since the big stock rally began imho totally dismissing any basis in claiming trend reversal I was glad that RRussell made the same point over the weekend maybe I am not so dumb after all nothing but a DOMESTIC DISTURBANCE CIRCLE JERK from stocks to bonds to stocks soon out of both !!! quotes.ino.com some downchannels have been broken for Dow and S&P methinks S&P wants to touch 900 one last time who knows? maybe we rally back to 11,000 on the Dow could American investors be that stupid? no how about 10,000? no maybe 9000? possible, but not likely my edumacated guess is that we will see some shock hitting soon very soon, and it will involve banks with JPMorgan and Deutschebank each getting absolutely slammed, I suspect something very dreadful is occuring beneath the seemingly quiet surface they all participate in gold games revenge has created significant decay in their foundations a cavein is likely soon who the hell knows when?"