Wall Street to Rally on Saddam's Capture

[demdave]

Stocks look ready to rally when the market opens on Monday after the capture of former Iraqi President Saddam Hussein.

In fact, analysts believe Saddam's capture will give a general boost to equities around the globe, as well as to the U.S. dollar and U.S. Treasuries.


"It's broadly positive for equity markets," said Hilary Cook, director of investment strategy at Barclays Stockbrokers. "Concerns over the situation in Iraq have weighed on sentiment and help explain why shares haven't rallied by as much as they could have in the face of some pretty positive economic data."


http://news.yahoo.com/news?tmpl=story2&cid=568&u=/nm/20031214/bs_nm/column_stocks_outlook_dc_1&printer=1

[Tinoire]

1. Oh yeah- I'm going to wush out and buy stock now

Oh the smell of desperation. The dollar is long finished... Did Bush not get the memo?

Carlyle Inc can manipulate the stocks all they want to make it appear as if Wall Street is rallying but Wall street won't rally in a lasting manner until we have a stable, intelligent person at the head of the country.

[cosmicdot]

2. let's go shopping!! I haven't a penny to my name ... but. who cares!?!

maybe, now, my dentist will fix my teeth without cash upfront ... happy days are here again!

sorry, can't contain my sarcasm

[devinsgram]

3. It will rally alright for a day or so and then back to usual.

Just who are they trying to kid.

[54anickel]

4. The emotional high won't last long. Truly can't understand why it's

as high as it is to begin with.

"Valuing the market, based on historical reported earnings, makes it look very expensive," said Gordon Fowler, chief investment officer of Glenmede Trust Co. in his weekly outlook. "Valuing it, based on projected operating earnings, makes it look reasonably priced.

"The truth lies somewhere in between."

[ozone_man]

11. Projected earnings. What crap.

They've been saying that for 3 years now and the P/E's are sky high.

[farmbo]

5. Yeah...your Mutual Fund guys are probably trading right now!!!

Going long with their buddies before the market opens!


:grr:

[loudnclear]

6. Going to cas in on the run up! Can't wait for the profit.

Must complete the liquidation by January 15. After that, all bets are off.

[ochazuke]

7. Saddam's capture means nothing to The Street

Any rally probably a short-term trading opportunity. (Sell short!)

[ClintonTyree]

8. Baabaabaa...................

the sheeep will line up to be fleeced once again. The fact that Saddam's capture has nothing to do with the "war on terror" will totally escape them.
The Street will be awash in Bush love Monday...........the sheep will give more and more to corporate America, just to have it stolen again by the masters of war.

[Voltaire99]

9. If only I'd held on to my Enron and Global Crossing stock!

Nothing like the capture of a US-sponsored dictator hiding in a mut hut to make everything...er...right...again.

[Betty]

10. How does his being captured

have ANY effect on anything? Everyone knew that if he was still alive, he was hiding in a rat-hole somehwere and certainly had no more power to influence anything that would affect businesses here.

[tlcandie]

12. After the first of the year.... just wait till the bottom falls out from

under this farce. I'm beginning to think that nothing short of a total collapse will wake his supporters/followers out of their ignorance :(

I'm giving it till end of January at the most because of the ELATED afterglow due to the upcoming holidays.

[Skittles]

13. remember the BIG DIFFERENCE capturing HIS SONS made???

YOU DON'T ?????????????????????

[Pale_Rider]

14. SO much for the big rally today ...

... with the Dow down 20.