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Politics : Ask Michael Burke

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To: John Pitera who wrote (87169)	12/18/2000 8:48:45 PM
From: Terry Maloney	Read Replies (1) of 132070

John, this piece from Prudent Bear agrees on there being no cut tomorrow ... Lewis basically says that today's action indicates a cut might get sold, which could devolve into panic as people realize the emperor is not only naked, but powerless. An interesting take on the fed's tightening noose. "Based on the last couple days, I don’t think it matters what they do tomorrow. Whatever the result, the market is going to sell stocks and the dollar I think. 216.46.231.211

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