Date Posted:07:41:59 03/28/03 Fri Author: Naval Vithalani Subject: Update
war isnt going as per plans [it never does]....Brent for may delivery above $27.85...wallstreet might react to the news of various bottlenecks to baghdad......ECB says more concerned about growth..thts a change of heart frm the inflation fighting days so we are looking at a rate cuts by the major cbs.
The global economy reached the tipping point and only a catalyst is needed. The problem isnt the war or sadam...its the cos..their earnings..debt...stock market valuations..
UK Gfk consumer index expected at (10)
GE Gfk consumer index exepcted at 3.3
FR Unemployment rate expected at 9.2%
EU M3 expected at 7.9%
Magic rallies on wallstreet - how long before the magicians run out of tricks?