12/15/2003

Markets
Ready to Soar? Why?

Capture of Saddam have anything to do with profits, comapany debt levels, or empoloyment? Hell no. Just another example of investor idiocy. I look for a big move up followed by all the smart guys already in to sell out. This is truly the majority being always wrong. Be careful. Add at 3PM PST Soared plus 97 points, closed down 22. Same with other indexes. Market still looks technically weak.

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