5/19/2004

Markets Profits flush away Iraq, India, China, and sex weak EU. Watch for a big day on Wall and Broad today as some big big profits hit the street. All markets recovered when India announced that neither the Communists nor Ghandi would be in the government. BUT it ain't over til it's over and there is pressure inside the party to make her PM anyway. The collapse in gold to below $380 is significant. Months and months ago I recommended a buy stop at $383. If you executed it you will make money, you are only down $700 and you can afford a hit of $1200.

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