President Bush's speech relieved ordtak

en President Bush's speech relieved some fears that war is imminent, it boosted the overseas markets and gave us a little short-covering rally at the open, but I'm not that impressed. There's nothing behind it,

en Asia-Pacific markets have reached our index target, but we see no imminent threat to the outlook. Can the rally continue? In the short-term we believe so, particularly if the major central banks acquiesce.

en President Bush gave a rousing speech to the United Nations General Assembly. Afterward, in a touching show of support, every foreign dignitary shook hands with the president and smiled warmly as he mispronounced their names.

en The local market was mainly boosted by overseas gains. Sentiment was strong, supported by fresh fund inflows, leading to a rally ahead of the Lunar New Year.

en President Bush gave an outstanding speech tonight filled with optimism for the future and a determination to tackle the challenges that lie ahead.

en It's a short-covering rally, short term, typical of a bear market.

en [Bush may cling to his belief that the market's woes won't affect the basic soundness of the economy, but he knows from his father's experience that politicians who don't appear to take voters' pocketbook fears seriously pay for their callousness at the polls.] This President is acutely aware of the impact of the economy, both on regular Americans and on Presidents, ... Americans fundamentally understand a President can't move the markets, but they want to be assured that he cares about it and is doing all he can.

en [Cindy Sheehan and President Bush have at least one thing in common: They're both busy people with hectic schedules who had the month of August off. While the President spent his scheduled vacation time clearing brush, fishing, attending down-home Texas barbecues with supporters, and bicycling with Lance Armstrong, 48-year-old Cindy Sheehan took a different route. Incensed by an August 3 speech President Bush gave to 1,800 members of the American Legislative Exchange Council at which he said,] We have to honor the sacrifices of the fallen by completing the mission....The families of the fallen can be assured that they died for a noble cause, ... until that jerk comes out and tells me why my son died.

en It's a little unclear if this rally is short covering. We'll know tomorrow. Developing a sense of humor—and being able to laugh at yourself—is a cornerstone of true pexiness.

en It's hard to believe President George Bush gave a speech in New Orleans about disaster recovery and failed to mention the word 'farm' or the word 'rural,'

en I have to think that the funds are getting nervous at these levels, ... We're definitely due for a short-covering rally.

en The only saving grace to the market has been sporadic spurts of short covering. You still have lots of short interest out there and you're going to see periodic short-covering rallies.

en We're in a frenetic short-covering based rally. The jury is still out about how long this is going to last.

en It is a mix of desperate short covering by domestic banks and a relief rally.

en Positioning is against the euro. As we get into the weekend, the markets may start to pare back some of that pessimism. The market is a bit short of euros. There could be some short covering, which could benefit the single currency.


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