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Technology Stocks : Intel Corporation (INTC)
INTC 45.07-17.0%Jan 23 9:30 AM EST

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To: Jim McMannis who wrote (120520)12/5/2000 11:31:02 AM
From: Scumbria  Read Replies (1) of 186894
 
Jim,


Tuesday December 5, 11:04 am Eastern Time
U.S. stocks climb as Fed chief Greenspan sees slowing economy
(UPDATE: Updates to mid-morning)

NEW YORK, Dec 5 (Reuters) - Stocks rocketed in mid-morning trading on Tuesday after Federal Reserve Chairman Alan Greenspan said the economy had slowed from its breakneck pace, boosting expectations that the U.S. central bank may cut interest rates next year.

The nation's top inflation fighter, addressing a group of community bankers in New York, added to speculation that the central bank may pull back on its tightening stance. The Fed has jacked up interest rates six times since June 1999, sparking fears that corporate profits will suffer in the wake of a slowing economy


What an amazing coincidence. They tightened up for many months prior to the election (because of an overheating economy), and suddenly decide the economy is cooling down right after the Republicans win. The exact same pattern as the 1994 election.

What a crock.

Scumbria
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