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w.murray wrote:
>
> Please share your thoughts on the market direction next week starting with
> the opening on Monday. I believe with the Asian and South American
> financial meltdown,the crisis with IRAQ, the bad employment numbers which
> could lead the FED Tuesday to raise rates, all lead to a BAD week for
> stocks. Monday will open with a BIG gap down and the market will slide from
> there with the FED shocking everyone with a rate raise Tuesday leading to a
> massive selloff.The Asian meldown will worsen and military action will be
> taken with IRAQ all adding to the BEARISH market. Please share your
> thoughts for all to review prior to Monday's opening. Thanks
High Murray,
As for the open on Monday I'm playing wait and see. Saddam likes to
play cat and mouse games with the world. If you can remember the
perisan gulf war. With the FEd it may be hard to predict, because the
Fed is not wanting to take away Chrismas from any one. He may say that
the markets have corrected themselves for now and there may be no need
to raise interest rates. Come back in Jan. and say wambo baby, interest
rates are going up. As for Asian markets, it may be up because of people
like to buy on the Dip.
Like I said before Wait and See.
Good Trading
Joe Frabosilio
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