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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject9/17/2001 8:58:47 AM
From: velociraptor_   of 37746
 
I advise limited activity today. With so much emotion and government intervention in the pot, how the day will progress is unknown. A few things though....

The rate cut does not change things long term. 7 rate cuts have had no effect on the market so far, an 8th will make no difference, though there may be the usual positive knee jerk reaction. Longer term, the market will go where it planned to go, and that is lower. Interest rate-wise, we are following the course of Japan. Foreign markets have thus far had limited response base on where they were before the announcement and where they are now.

There may be whipsaws and high volatility both up and down, Progress with caution today.
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