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Strategies & Market Trends : Sharck Soup

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To: besttrader who wrote (34803)	9/10/2001 1:29:35 PM
From: American Spirit	of 37746

Knight, you forget PERCEPTION. One reason the sell-offs have been so severe as been the FEAR/PERCEPTION of a possible total collapse. Until this week the White House has actually been poo-pooing the economy to justify their big tax cuts. Now they are cheerleading. It's a step in the right direction. I believe the combined powers of the Fed-White House, Wall Street and Democrats will do everything they can to keep us from breaking below April lows. In reality this is the time to buy stocks long term. but the fear keeps buyers away. So our leaders job is to break the fear syndrome and give hope again just as FDR did after the Great Depression. When people are hopeful instead of gloomy the economy continues working. When they lose all hope it just stops except for basic goods. Friday was scary to everyone all the way up to Bush and Greenspan. They will act now. And continue to act. You watch. Not that I'm bulllish but we are due for a bounce because the April lows will be held by any means necessary. If you're short I wouldn't get greedy. I'd take your profits and run and enjoy a nice long vacation at longs expense. You deserve it.

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