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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: lee kramer who wrote (96056)5/4/2000 10:19:00 AM
From: Lane Hall-Witt  Read Replies (1) of 120523
 
Not that the market cares today, but it's hard to imagine a much more terrible message from Greenspan than what he has already said. He's basically saying that we feel so good about the risk profile of our financial system, but it has yet to be "stress-tested" in the real world. We don't know what's going to happen when a severe breakdown occurs. On top of that, no player is too big to fail -- we know that's a lie: Long Term Capital Management -- so don't count on the Fed to come to the rescue whenever the gears get locked up.
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