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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: purecntry5 who wrote (8937)11/2/1997 1:05:00 PM
From: Haim R. Branisteanu  Respond to of 94695
 
During the last war the market toped on July 16, and slided down until around October or November of same year. Let's call it a mini bear market.

As it was obvious to many people that the West controlls the sky's and therefore will winn the war the market rallied sharply as the uncertainty of the war outcome was erased.

It was clear by then that oil prices will subside and inflation will to, today "IT IS DIFFERENT" ;-),

Today the US market just corrected from historicly high valuations, oil is still cheap based on infaltion adjusted prices and inflation has no room to improve without negative consequences (e.g. defaltion)

Happy Trading
Haim



To: purecntry5 who wrote (8937)11/2/1997 1:16:00 PM
From: HammerHead  Read Replies (3) | Respond to of 94695
 
Why Saddam Hussein pick this time to cause the trouble again? Could he try to drag the global financial market at the current contagious unstable environment to make his case? This man is so unpredictable. God bless us.



To: purecntry5 who wrote (8937)11/2/1997 1:43:00 PM
From: Tommaso  Respond to of 94695
 
I don't remember exactly how the market acted during the Gulf War because I was much more interested in the war at that time. Oil prices shot way up for a while. Markets generally hate wars.

To tell the truth, bear that I am, I would rather the market rose a little for a while because it's going to take me some time to arrange a rollover into my iRA to buy more Prudent Bear Fund.

So I guess I'll be able to contemplate anything that happens tomorrow with equanimity.