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farooq

09/15/06 1:10 PM

#4493 RE: 2X-Be-Me #4484

I think it is an adjustment of terrorist premium; it is not totally out but has been lowered. We are on our way to test new high in November December time frame.
These are mini bulls or corrections in a bear market of 2000, and we will keep climbing higher slowly, now question is could we go to Pokersam big down areas, answer is Yes on fundamental basis but we should be there one year ago. Because market is a discounting mechanism and it should foresee what is coming up. Market participant are looking a different picture, and by nature most participants are optimistic there fore we are usually 20% over value all times.
Here is twist, market can take Democratic victory as positive on basis of check and balance, same way they did in 1996 to 2000. These are just my random views against going down.

Farooq