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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (7398)8/4/1999 12:05:00 AM
From: Surfer  Read Replies (1) of 15132
 
Marc and Kirk, Thanks for your response. S.Leeb on CNNfn was saying that about 40% or 70%, not sure I got the number right, of nation's wealth is directly related to stock market level. According to him, if Dow drops fast below 10,000, FED may have to stop and think.

My question is, let's say DOW drops 15% in August to say, 9075 or so, what do you think FED will do? Remember AG is up for renomination next year. Everybody wants the market to go up or down in an orderly manner. Will the market listen?

Thanks.
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