monday monday, page-33

virginiak

i'm not sure i agree with you, mostly due to market momentum.

Two things are happening this week, 1. still various large caps on the NYSE which are reporting, that alone should keep the market buoyant regards of any kind of negativity out there 2. Asia is on a holiday this week and it has been commentated that due to all of their markets being closed this may result in funds finding their way through to other markets (like europ and usa) which will aid to prop them.

there is some underlying negativity around regards the condition of some economies and I've no doubt at all that those issues will pull the market back down later this yr as those indicators become more and more apparent. however they are not sufficient enough currently to weight the market down too much. What I believe we'll find is that, when finally the lower housing and other leading indicators flow through to other parts of the economy and company's start missing targets and adjusting forecasts that we'll finally see a really decent pull back, that will probably result in a long drawn out correction on all markets worldwide, but all of those things could take 12 months or more to all unfold