Stocks, Dollar May Gain on Hussein Capture; Oil, Bonds May Drop

Bloomberg.com ^ | !5 December 2003 (London date) | Bloomberg Staff

[Grampa Dave]

Dec. 15 (Bloomberg) -- Stocks worldwide may gain and the dollar rose from a record low against the euro following the capture of the former Iraqi leader Saddam Hussein. Oil and bond prices are likely to drop.

The Dow Jones Industrial Average may gain 80, or 0.8 percent, according to City Index, a U.K. betting company. The U.K.'s benchmark FTSE 100 Index may open 60 points higher, or up 1.4 percent, City Index said.

[LS]

Look for the goldbugs on the board to be hitting the sauce.

[bota]

The Gold bugs will use this to buy more gold because they know
the fundamentals have not changed, the deficit didn't go down, the trade balance is still close to 50 billion negative each month and the only jobs created have been low paying service sector jobs. Catching Saddam did not fix the economy.

The FED mentioned leaving the interest rate at 1% until the end of 2005(considerable time). Sounds like they believe it's going to take a while for our sick economy to get well.

Nope, the Gold Bugs are drooling..........

[the invisib1e hand]

title already fulfilled. sort of a no-brainer. poor soros is short the dollar...(alligator tear).

[Axenolith]

Right on there dude, but I'd gladly eat a 10 or 20% temporary correction for the opportunity to see Soros undergo a testicle liquifying short squeeze :)

[SierraWasp]

"Nope, the Gold Bugs are drooling.......... "

If they're not, they will be... from having strokes!!!

"Catching Saddam did not fix the economy."

Evidently Grampa, this bota person hain't seen that Bushmobile taken off, leavin that poor Demonicrat Jackass suckin on an empty rubber hose!!!

Better put 'er up one more time for these die-hard gold buggers to git their heads right!!!

[SierraWasp]

Bob Brinker was lookin at the futures markets the minute they opened this afternoon and was sayin the S&P 500 was up a bunch and that NASDAQ was up 2%+

Who knows if it stayed there.

[LS]

Clue: "sick" economies don't have 8% productivity growth. But gold stocks and commodities already started dropping overseas. But, by all means, BUY UP!