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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (33980)	3/19/2001 12:02:42 PM
From: stockman_scott	Read Replies (1) of 65232

Some don't think Greenspan was to blame... Take a look at my recent post (and the responses)... Message 15526450 I just heard an interview with John Lownsky (sp) who is the Chief Economist from Moody's Investor Service --> He said on CNBC that there is PLENTY of evidence to justify an aggressive .75 bps FED rate cut tomorrow. He claims in the last year $3.6 trillion has been lost in stock market valuations --> that equates to 36.5% of the nominal GDP...Hmmm...Has the FED helped trigger an IRRATIONAL sell-off..?? Will the FED admit to making some mistakes and act aggressively starting tomorrow...?? Just wondering...=) Best Regards, Scott

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