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Politics : Formerly About Applied Materials
AMAT 297.52-6.6%Feb 4 3:59 PM EST
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To: Joseph Beltran who wrote (40922)12/18/2000 8:38:32 AM
From: michael97123  Read Replies (1) of 70976
 
The fed really should cut tomorrow by 1/2 point which will really send a message. Sometimes gradualism is called for--sometimes strong action. This is one of those times.
The reverse wealth effect has jolted both markets, retail and b to b sales as firms go thru this inventory adjustment. What the markets and consumers need is hope for the second half of the year. Half point will do all of that. And inflation is out of the picture as oil and interest rates start to fall.
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