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To: Rande Is who wrote (16938)	1/7/2004 6:56:17 PM
From: ALTERN8	Read Replies (1) \| Respond to of 48461

"the stock market's mood at Thursday's open could be subdued following news, after Wednesday's closing bell, of a mortar attack that wounded 35 U.S. soldiers on a U.S. base in Iraq. An estimated six mortar rounds struck in or near Logistical Base Seitz west of Baghdad on Wednesday night, a U.S. military statement said, adding that the wounded troops had been given first aid and evacuated for medical treatment." biz.yahoo.com The market is not looking as I see QQQ up in AH!

To: Rande Is who wrote (16938)	1/8/2004 10:12:20 AM
From: ALTERN8	Read Replies (1) \| Respond to of 48461

Did you see this: story.news.yahoo.com

To: Rande Is who wrote (16938)	1/8/2004 12:08:30 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

Rande, in answer to most of those questions I pretty much agree with the following IMF report, which is a report most people have not and will not see, as the drivel channels of Fox & cnbc won't want to rock the boat. I will add my commentary to future events as they become clear to me. _________________________________________ IMF: U.S. deficits a global time bomb Report says debt could raise rates, slow investment By Elizabeth Becker and Edmund L. Andrews, New York Times News Service January 8, 2004 WASHINGTON -- With its rising budget deficit and ballooning trade imbalance, the United States is running up a foreign debt of such record-breaking size that it threatens the financial stability of the global economy, according to report released Wednesday by the International Monetary Fund. Prepared by a team of IMF economists, the report sounded a loud alarm about the shaky fiscal foundation of the United States. It questions the wisdom of the Bush administration's tax cuts and warns that large budget deficits pose "significant risks" not just for the U.S. but for the rest of the world. The report warns that the United States' net financial obligations to the rest of the world could equal 40 percent of its total economy within a few years--"an unprecedented level of external debt for a large industrial country," which could play havoc with the value of the dollar and international exchange rates. The dangers, according to the report, are that the United States' voracious appetite for borrowing could push up global interest rates and slow investment and growth. "Higher borrowing costs abroad would mean that the adverse effects of U.S. fiscal deficits would spill over into global investment and output," the report said. White House officials dismissed the report as alarmist, saying that President Bush already has vowed to reduce the budget deficit by half over the next five years. The deficit reached $374 billion last year, a record in dollar terms but not as a share of the total economy, and it is expected to exceed $400 billion this year. But many international economists said they were pleased that the IMF raised the issue. "The IMF is right. If those twin deficits--of the federal budget and the trade deficit--continue to grow, you are increasing the risk of a day of reckoning when things can get pretty nasty," said C. Fred Bergsten, director of the Institute for International Economics in Washington. Administration officials have made clear they are not alarmed about the country's burgeoning external debt or the declining value of the dollar, which has lost more than one-quarter of its value against the euro over in the past 18 months. "Without those tax cuts, I do not believe the downturn would have been one of the shortest and shallowest in U.S. history," said John Taylor, undersecretary of the treasury for international affairs. Though the IMF has criticized the United States on its budget and trade deficits repeatedly in the past few years, this report was unusually lengthy and pointed. And the IMF went to lengths to publicize the report and seemed intent on getting American attention. "I think it's encouraging that these are issues that are now at play in the presidential campaign that's just now getting under way," said Charles Collyns, deputy director of the IMF's Western Hemisphere department. In the report, IMF economists also warned that the long-term fiscal outlook is far grimmer, predicting that underfunding for Social Security and Medicare will lead to shortages as high as $47 trillion over the next 70 years or nearly 500 percent of the current gross domestic product. In a paper presented last weekend, former Treasury Secretary Robert Rubin said the federal budget was "on an unsustainable path" and that the "scale of the nation's projected budgetary imbalance is now so large that the risk of severe adverse consequences must be taken very seriously, although it is impossible to predict when such consequences may occur." Other economists said they were afraid this was a replay of the 1980s when the United States went from the world's largest creditor nation to its biggest debtor nation after tax cuts and a military buildup under President Ronald Reagan. John Vail, senior strategist for Mizuho Securities USA, said the IMF economists' report reflects the concerns of many foreign investors. "I would say they reflect the majority of international opinion about the United States," he said. And he added, <font color=red>"The currency doesn't have the safe-haven status that it has had in recent years." imf.org imf.org

To: Rande Is who wrote (16938)	2/4/2004 2:32:10 PM
From: Bucky Katt	Read Replies (4) \| Respond to of 48461

Rande, this ties in well with my post #17673 and your thinking as well>> Charles Biderman is the president of TrimTabs.com, an investment research firm. SANTA ROSA, Calif. (CBS.MW) -- The current stock market is a bubble waiting to burst. At TrimTabs, we view the stock market essentially as a casino. Public companies are the house, while investors are the players. The basic premise of our approach is that stock prices in the casino are determined mainly by liquidity -- the supply of shares and the money available to buy them -- rather than fundamental value. There are two major reasons why we think that the current stock market is a bubble. First, the house has not been buying much lately, either through stock buybacks or purchases of public companies for cash. Second, the players have been buying heavily, which usually occurs at or near market tops. cbs.marketwatch.com{3A2C5BB5-EC2B-4154-B3C4-E349D6D7EE55}&siteid=mktw&dist=&archive=true