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

To: IQBAL LATIF who wrote (20950)	10/19/1998 10:16:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Cruel it may sound but Nov multiple interest rate cuts will take this market higher to 1130 or 1150 level, when Fed interest is to see that markets move higher I for one will stand and watch the action- I doubt anyone would sell these markets unless IBM MSFT TXN or ASND disappoint big, I would also think that these merger news are good omen overall $ is still weakening and will test 1,58 area on DEM soon even 110 or 108 area on Yen is a good possibility -- $ weakness will bring strength in ASEA and Latin America, for debtor countries no bigger relief than a weaker $ and a lower interest rates, as ASEA weakens Europe initially will stay neutral or even lower as $ weakeness is not good for corporate Europe, more competition but Dec earnings can be great for US corporates .. in my opinion good prognosis buy on dips as pits tell me today-- 1680 is the first resistance and 1130 on SPZ the target-- the options are limited for shorting these markets --- interest rate cuts and numbers beating lowered street estimates is a very difficult proposition...for shorts. when Fed is your friend the trend is on your side these are heavily loaded dices unfortunate but who told them to be short and who told them to believe that world is coming to an end...ggg-- Fed is a friend of bulls- painful but factual - go eat your heart out, long live AG...Bulls have many friends.