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Strategies & Market Trends : Sharck Soup
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To: StormRider who wrote (36068)9/25/2001 5:20:05 PM
From: DlphcOracl  Read Replies (1) of 37746
 
StormRider: I wouldn't bet on or commit new money to the market based on Briefing.com Greg Jones' comments. Wait until the massive layoffs continue into October, resulting from the September dislocation to the economy from the Sept 11th WTC attack. My guess is that unemployment will hit or exceed 6%. Difficult to imagine the consumer donning rose-colored glasses in the face of increasing layoffs, rising unemployment rate, and a deeper-than-anticipated recession.
Continued Fed interest rate cuts will have no effect on the depth of the recession, only its duration.
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