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IDS Market Commentary for 10/17/03


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The University of Michigan's preliminary consumer sentiment report due at 9:45 a.m. EDT.

 

President Bush is meeting with Japanese Prime Minister Junichiro Koizumi later on Friday.

 

The stronger the buck is (the weaker gold is), the more pleasant will be Bush's meeting.

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Appears as if the manipulated gold slam for the bushmans Asian adventure will provide us with a good buying opportunity. Will it get Steve McQueened later today or Monday? B)

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Another derivatives derailment?

 

 

8:50AM XL Capital warns that Q3 results will disappoint (XL) 79.40: Sees Q3 (Sep) EPS reduced "approximately $1.16...compared to anal cysts' expectations", Reuters Research consensus is $2.05. Company cites higher than expected losses in North American reinsurance operations for shortfall.

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Bond experts, what is the possibility or likelihood that the early rise and late fall in Yields is related to DaBoyz borrowing T-Bones to run the markets and then the usual last 1/2 hour drop in stocks as they buy the Bonds back right before the close. In other words, are DaBoys funding the racketeering through borrowed Bonds? That would explain the sudden 50 point plunge until the Market closes followed by the rally after.

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This is like Monty Python and the Holy Grail when they get to the bridge to cross What is your name...What is your quest..What is your dollar policy ....

 

(REUTERS) TOKYO-BUSH SAYS TO KOIZUMI HE SUPPORTS STRONG DOLLAR, US OFFICIAL SAYS

REUTERS

 

Ag

Yeah, right. :unsure: :P

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