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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Matthew L. Jones who wrote (30035)	10/16/1999 8:20:00 AM
From: stockycd	Read Replies (1) of 99985

Matt, Then my position is this, AG should have not lowered rates last winter until the effects of the Asian crisis showed up on the US doorstep. I realize that could have and would have happened but aside from the Asian crisis, those rate hikes were purely a result of panic on Wall Street and the LTCM ordeal. Heck, I say he should have let it resolve of it's on direction. We'd be better off now. Trust me, nobody will buy MSFT when it gets to $400 a share! No. But they'll buy it after 4 splits and its only $80 a share. Matt we need corrections to wring out the speculative excesses in this market. We have to also realize that AG sees inflation months before we do and the reason we haven't had any until now has been the action of the Fed over the last 10 years either by doing nothing or doing rate adjustments as needed. They have also managed the money supply, liquidity, ect. BTW, I don't think most traders (myself included) care which direction the train moves. As long as it moves one way or the other so we can make some money! These last 3 weeks have been good-to-me:') Take care, (theres another hurricane coming) Chris

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