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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: sun-tzu who wrote (44732)	7/22/2003 3:22:34 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 57110

i tend to agree with you. i think the death of saddam's sons provides an "underpinning" of support for the market inasmuch it helps demonstrate to the forces in iraq that are attacking that their resistance will ultimately fail...one by one, we will take their leadership out as we find them. and this means the problems of the war aftermath will look less daunting for our troops and the iraqis who are trying to help implement reform...and that will be bullish for the markets. qusay was at the top of the list (he was the leader of his dad's personal security force and the republican guard) these are the guys that are killing our guys. crush the head of the snake to kill it... scroll down for background on qusay. usinfo.state.gov

To: sun-tzu who wrote (44732)	7/22/2003 3:23:24 PM
From: zonder	Read Replies (2) \| Respond to of 57110

Feel-good factor aside, can you think of any reason why the death of Saddam's sons would be good for US economy or US companies?

To: sun-tzu who wrote (44732)	7/22/2003 4:10:48 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

If we were earlier in the cycle, I would agree with you. But more is needed than just the news. You need a lot of shorts and you need a fair amount of liquidity on the sidelines that is ready and waiting to get into the market. At most, I believe we could get an exhaustion rally out of Saddam's death. I'll excuse your condescension at the same time point out that the SPX and Dow have gone absolutely nowhere in over a month. On top of that, the momo leaders like the Bios and semis have also gone nowhere. This is a different market than March/April/May.