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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (184179)	3/5/2004 10:30:27 AM
From: hmaly	Read Replies (1) \| Respond to of 1575938

John Re...Going forward, we should keep an eye on the market as the ultimate sentiment poll for the Presidential election, and it will certainly be an interesting exercise to see how opinion polls change as the market changes. Interesting indeed. Especially, after the jobs report, which was far weaker than expected. However, that said, I don't think the public will respond positively to Kerry's message, of increasing taxes on the rich either, until the jobs situation is firmed up. A lot of times it is safer to go with what you know has worked in the past, tax cuts, than go after the rich, as you don't know exactly how the rich will respond. If they pull their money out of the US: and invest it in friendlier countries, before the treasury dept, can grab it, then everybody will lose, not just the rich.

To: Road Walker who wrote (184179)	3/5/2004 5:31:16 PM
From: tejek	Read Replies (1) \| Respond to of 1575938

Interesting - FWIW FRIDAY a.m. March 5, 2004 Political Theory By David Nichols I'm glad you posted this article. I don't know about the markets predicting the election but I can tell you the markets are not happy. I have one finger ready to hit the trigger. Since December, the markets start to move up, only to pull back suddenly on little news. Then they start to go down, only to turn around and start a big rally. I can't get a read where they're going. But what worries me more are oil and NG prices. Yesterday, the NG withdrawal from storage was unexpectantly weak. Today, the NG index rose a whopping 3 points instead of going down. OPEC says it won't cut back production like it said it would in February and the price of oil goes up and not down. I've said this before.......with oil over $35 per barrel and NG over $5, I don't see how the economy can continue to expand. And given this AM's lackluster job report, I suspect the economy is in stagnation. ted