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12/14/03 11:54 PM

#181574 RE: Huluriasquias #181527

Then think of all the IRA money entering the market in the coming months.

Someone posted something about this recently. That IRA money is coming into the market regardless of whether it is going up or not. Most people are not 'market timers' in any kind of short-term sense. If they are making an asset allocation decision once a year for this coming January, they've already made it by now.

This bull rally has the potential to bring new money to the casino tables.

I'm trying to think of one person I've talked to about the markets in the last 6 months who's said to me, "I'm waiting until they catch Saddam to get back in."

Nope, can't think of one.

Please, can you send me a count on the number of people who've said that to you.

Markets are about money, not politics. That's one reason why this board says 'no politics'. This is a good, albeit marginal, in my mind, political development. Taking Saddam Hussein out of power was important, hence the rally beginning in March. Saddam ceased to be important months ago on a 'going forward basis' once he stopped being a 'going concern'.