[lds23]

A few weeks ago, I posted that although the Dow could go down to the mid-7-thousands, I thought it would remain in the narrow range it was in at that time.

I want to admit I was wrong.

I was on vacation last week, so this is the first chance I've had to come clean.

I moved some money into the market in March-May, took it back out in July. Then moved a wee little back into stocks in September, and am glad I moved slowly.

I thought of putting a little more back in today, but may take a closer look tomorrow.

But I continue to move slowly.

[rohry]

"I want to admit I was wrong."

I'm not Catholic, but I will accept your confession...

Three Hail Marys and give $1000 to the Talent campaign in MO (the most important race in the US right now)...

[Zebra]

Here's a prediction:

After the US and its allies complete operation regime change in Iraq (a quick affair), we will have a staging center that is practical (unlike Afghanistan) for 7-10 years as we stablize the successor regime. This screws the financing for terror, bullwhips Saudi Arabia back in line, probably hastens the return to civilization of Iran, and CERTAINLY chases back to the US the capital which fled after 9-11. Why? Because investors will become reacquainted with the notion that power = security and the US markets are the least rigged exchanges in the world (even with the recent Enron-type bullsh*t). The Dow will be over 8000 by Thanksgiving, and trending up through 2004 election cycle (although it will be a slow, measured bull market).

I am not a broker, but a student of history. Now is the time to buy, as it is the time to refinance your mortgage. You won't see these rates or prices again in your lifetime.