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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: rsie who wrote (14262)6/6/2000 6:27:00 PM
From: Hank Stamper  Read Replies (1) of 15132
 
"why do you think Bob is so adamant about the fact that we will resume the downward trend at the end of this August upturn..."

Can't speak for Bob--I don't golf--but, IMO the two main reasons are:
1. Fed worried about inflation in the pipeline is restricting money supply. (M2 has bigger impact than rate increases.).
2. Fed action will have the effect of slowing corporate earnings.

Ciao,
David Todtman
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