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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (26601)	1/28/2003 1:11:12 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 30712

Some analysts were downright pessimistic. "The public at large is shunning equities. This is traditionally the time when money comes into equities, into retirement accounts. So, this is disturbing," said Stephen Massocca, president of Pacific Growth Equities. "People are concerned about Iraq, but I think there is a deeper concern about the state of the economy, the state of the markets. There is a kind of bear market malaise." news.bbc.co.uk Tom Carpenter, chief economist at Chevy Chase Trust said he expected stock markets to rally after any Iraq war. "Prior to the initiation of hostilities we could have very weak global stock markets, but once the war is launched and as soon as there is credible evidence that the war will be short and casualties low, I expect big drops in oil prices, and gold prices, a strengthening US dollar and a rally in the stock market, in the contect of tax cuts and low interest rates." They make it sound like a cake walk...But they have inventory to push..