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Stop it you guys. You are going to make me believe that another 20 year
bull has just raised its head. It is like seeing the bear on the cover
of Time or the skull in the Phoenix paper business section. When
everyone says zero, I have got to believe that everyone that wants out
is out and the only ones left are the shorts with a lot of stock to
cover.
Ralph Volpe wrote:
> Norman, I really enjoy Dorothy's view and I do listen to what she
> says. (Do you hear that Dorothy?) Like you, I should have heeded the
> yelps of doom sooner, but I think the WTC event really tipped the
> scale in favor of the doom sayers. This type of event is really
> unprecedented and unpredictable. Along these lines, I recently checked
> the drop in 1991 when Iraq invaded Kuwait: that drop was about 17%. If
> you check this past drop, it's about the same percentage. One thing
> that may really tip this market in favor of the bulls is a quick
> resolution to either the capture or killing of bin Laden. If we bear
> minimal losses, I think this market will scream higher. As for
> getting bin Laden, I think that's imminent with the vast buildup of
> forces in the area and the close cooperation with the Russians. Last
> I heard, there are over 650 aircraft and 3500 Tomahawk missiles
> heading for the Middle East, which is a much larger arsenal that what
> was assembled to extract Iraq for Kuwait.
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