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Politics : Welcome to Slider's Dugout

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From: paul ross	4/2/2008 3:43:21 AM
	of 50591

Things I heard listening to Financial Talk Radio today...my cable was down and couldn't watch Cartoon Network....."Fed has new tools they've recently developed to fight the current financial problems- that aren't inflationary (I missed what he said they were...a hammer and a sickle??). They no longer will have to just keep increasing the money supply. Virtually a 0 possibility of Fed lowering rates anytime soon. As a result, inflation is dead. Gold is crashing.....Perception is not reality. The market has panicked and thrown the baby out with the bathwater. All paper has been painted with the same brush as the miniscule amount of loans that are really in trouble...we've turned a corner and approach a financial sweet spot. Dow will be up 15-25% by end of 3Q.....Now is the time to be in financials before the herd starts to move. And REITs have bottomed. Real estate has bottomed or will bottom by end of year in hardest hit areas of US.............." Course it was April 1st....

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