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Pastimes : ASK Vendit Off Topic Questions

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To: Vendit™ who wrote (16335)	11/16/2000 7:32:04 AM
From: avanti77	Read Replies (1) of 19374

Keep an eye of the futures market Looking for a short-term headfake. Still thinking a mini-rally is in order with potential election resolution on Friday. I think if the CPI # is ok, we go up. Here's a positive take on yesterday's fed move from IBD: "The Federal Open Market Committee said tight labor markets and high energy prices continue to pose an inflation risk. That disappointed investors hoping policy-makers would shift to a neutral stance, setting up possible interest rate cuts early next year. But the Fed moved a lot closer to neutral, noting the economy is cooling. In fact, it said softer demand and tighter credit means the economy could expand below long-term potential growth."

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