[Ned38]

Since this AMs board isn't open yet I'll put this here.This gives us a glimpse into the bullshi--er ahh bullish rationale.

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Seven Reasons for Optimism [BRIEFING.COM - Robert Walberg] While the marketplace remains in a foul mood due to the ongoing threat of war and the staggering U.S. economy, Briefing.com contends that there are numerous reasons for investors to be optimistic. They are...

Cash, Cash & More Cash: Institutional investors have been building cash positions for months. This cash will be the fuel that feeds the next rally. Once war clouds lift, it's safe to assume that institutional investors will finally start putting these funds back to work in the marketplace. Let's face it, that's why they were given the money in the first place.
Low Interest Rates: Interest rates have declined to multi-year lows, making bonds a less attractive investment alternative. Nevertheless, the uncertain geopolitical environment has kept money flowing into bonds over stocks. Again, once war clouds lift we should see money rotate out of bonds into equities. Should note that low/negative real rates (funds rate minus the core inflation rate) traditionally a positive sign for stocks. Finally, Fed seen cutting the funds rate soon - possibly as early as next week's FOMC meeting.
Stimulative Fiscal Policy: President Bush doesn't want to follow in his father's footsteps too closely. Consequently, Administration has proposed a massive stimulus package to jumpstart the sagging economy. Congress merely debating the size and scope of the package. But the 2004 election is just around the corner and neither party is going to want to be blamed for a double-dip in the economy.
Improved Operating Efficiencies: With no real pick up in end user demand to drive bottom-line growth, companies have been been forced to get leaner in order to defend margins and the bottom-line. The improvement in operating efficiencies leverages the eventual earnings turnaround. Given declining expectations that means more positive earnings surprises. Not expecting an earnings reversal until later this year, but when it finally comes Briefing.com contends that it will be stronger than most analysts expect.
Inventory Rebuilding : The inventory to sales ratio fell back to a record low 1.21. Obviously, low inventories will only provide support to production when new orders turn stronger. But with inventories at such low levels look for corporations to start restocking once war clouds lift. Will give significant boost to economy.
Bearish Sentiment: As Briefing.com noted in its recent Brief entitled, "Nattering Nabobs of Negativism," sentiment on Wall Street is about as bearish as it gets these days. Sentiment is a contrarian indicator. In other words, extreme levels of bearishness seen as positive for stocks in that mood can only improve. Briefing.com maintains that we're at that point now when news cycle and investor sentiment are just so bleak that a turn must be fast approaching.
Resolution of Gulf Crisis: Hey, it's got to be over sooner or later doesn't it? Even if the US pushes back the March 17th deadline by a week or so, time is running out on Saddam. Once crisis is finally over, consumer and corporate spending should pick back up giving the economy a much needed boost. Meanwhile, investors will also begin to spend again - giving the market a much needed boost. Given the Dover Sole nature of market snap back rally likely to be powerful, even if it's only temporary.

[DrStool]

What a bunch of crap.

[DrStool]

Is there a link to the source? We should be posting a snippet and a link, although in this case, an object of scorn like this I will allow.

What a piece of crap.

Oh, I said that already?

[Metamucil]

I thought of an 8th: Need someone on the other side of my trades

Oh, you can also get laid more easily
Roll out 'the bullish language' for a fine romp in the hay.......

[Bird D Durr]

DrStool, on Mar 12 2003, 07:54 AM, said:

What a bunch of crap.

I SECOND THAT!

[DogBoy]

"What a piece of crap.

Oh, I said that already? "

Doc, repetition is good.

It makes the mind stronger.

[Drano]

DrStool, on Mar 12 2003, 06:54 AM, said:

What a bunch of crap.

Well, this is certainly the right site for a load of crap!

[Oyster]

One reason to be bullish....No War.....BUT.........any rally we could see of that should that happen would be short lived....like into May for example...my CIT's...Crashes do not come when EVERYONE expects..........Remember what I said yesterday...US..1.....Europe abstain....I meant it.......now we may have rally SP00 to 820 from here or 840 and then down the tubes (crash).......may be...or we may just continue higher......but if something came out from the current War/terrorism turmoil....for sure I as an ewaver could find a count for that........S&P achieved bar 3 handles my head and shoulders count from 870 from the past many weeks..yes...I would rather have 707 or whatever on this move....but.......and Europe is THERE on my counts from highs end Nov/begin December 2002.....I warned yesterday on Crapvision on $ and Europe Bonds about superoverextensions and 5 of 5's...Gold is on my course.....

Take care everyone.....

[Goldmember]

......and Europe is off to the races with a serious blast off, along with Uncle Buck.