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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: UnBelievable who wrote (71567)2/25/2001 4:09:54 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
<<I'm sure that Al thinks that his testimony will go better if he cuts rates again before he testifies. <GG>>>

I agree, except without the <GG> at the end. So many armchair "market strategists" have been screaming that BubbleBoy is "behind the curve" that if he doesn't cut before Thursday, expect him to get a reception rivaled only by Antarctic explorers in its "chilliness"<NG>. (FWIW, he's "behind the curve" by about 6 years, in leaving monetary policy far too accomodative and permitting the bubble in the first place!)

That said, it was nice of Angell to put Mr. Bubble in a box this week. If he cuts, its panic and the bond market tanks. If he doesn't cut, the stock market tanks. "Tanks" a lot, eh?<G>
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