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Or it will go up for some totally different reason and "they" will say,
"see, it worked!"
----- Original Message -----
From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, July 28, 2002 3:32 PM
Subject: [RT] August 14
> August 14 is the deadline when almost 1,000 CEO's will be required to sign
> their quarterly statements under penalty of perjury. I see more and more
> people on television whose opinions often seem sensible hailing August 14
as
> the date when the US equity markets will rocket to new highs because
America
> will be a new country. The more I hear them glorify this date, the more
it
> seems like a contrarian indicator to me.
>
> Nothing really new will occur on August 14. The ratio of good CEO's to
bad
> will be the same. If anything, I suspect that there may be some surprises
> (on the downside) in the 3rd quarter earnings releases as some decide to
> begin erring on the side of caution.
>
> Trust will not automatically be re-established on August 14. Trust can
only
> be re-established by one thing: time. It will take time for investors to
> see big business behaving positively and not standing before Congress
taking
> the 5th before they will be willing to start putting money back into the
> markets like they were in the early- to mid-90's.
>
> I think August 14 will be a very disillusioning date for many.
>
> Kent
>
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
>
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