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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Brian Fukuba who wrote (19827)	9/2/1998 1:49:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

James Strauss is one of the finest technician and hosts a no-non sense perfectly solid thread- I have advised many times before that this thread should be highlighted as one of the top threads on SI-- it will help you tremendously..I have been helped with his analysis and this 13 days thing is helping me a lot- To: +James Strauss (2610 ) From: +IQBAL LATIF Wednesday, Sep 2 1998 1:38PM ET Reply # of 2646 Jim- the guru-- You identified 950 test a day earlier than me at idea-- congratulations-- To: +Matt G. (2604 ) From: +James Strauss Thursday, Aug 27 1998 5:08PM ET Reply # of 2645 Matt: I see S&P 500 support in the 1020 area, then 950... Jim To: +George Mc Geary (19596 ) From: +IQBAL LATIF Friday, Aug 28 1998 3:27AM ET Reply # of 19829 We are at the bottom is clearly visible but we are not here because of something wrong with the economy it is the fear and this is a new factor that the strategists and AG will have to build in their forecast models. You can have best of every thing going for you and all of sudden you find in a situation where consumer demand disappears due to sudden loss of asset valuations, now if someone has TB's and $'s he will see the hedge perfectly working for him but an exposure to this side of Atlantic will slowly include a higher risk premiums, the Bund and Matif or Euro under these circumstances will be subject to a economic blackmail, this is not priced in Bund or Matif the ability of Russians to wreak havoc with the European economies without firing a bullet, so it all leads us to US assets, latin asets Japanese and ASEA inthat order, for Europe this crisis will have longterm consequences, this is just my initial feeling but it is better to record .. This is what I referred to earlier that it was not short of anarchy in Russia which took us thru these 1055 level. I would think that Russian have been sent a message much more potentially dangerous that they can move upside down the OECD economies without ever firing a single bullet, one new thing I an working on is the after affects of this whole global collapse. How about a Russian attempt to gain global attraction a few bullets exchanges between the regions. What will that lead to? Imagine if we really see a civil war in Russia the way things have gone we can see a total meltdown of what has been built over a period. This global integrity and connectivity is one phenomenon we need to work on. We need to address that countries may not be forced to adopt strategies that may expose their primitive societies to extreme pressures like we have seen recently. I would think that we will see these factors being given more importance in future..May be political economy is going to be a must requirement for Fund managers..Any way we are near the bottom I do see an outside chance like Oct touch of 6900 to test the 950 area- if you go back you will find some months back my analysis on ranges and I have referred to this point as dip point.