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Politics : Formerly About Advanced Micro Devices
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To: Scumbria who wrote (129935)12/20/2000 11:36:15 AM
From: Jim McMannis  Read Replies (2) of 1570056
 
RE:"You know as well as me that the market tanked after the Fed raised interest rates too many times in too short a period of time."

AG started to hike in June 1999. The DOW has gone sideways since then. The NASADQ kept right on going and peaked in March of 2000. The NASDAQ was the bubble. Because of Clinton tax cuts there was plenty of money to feed it.
Coming off a bubble like that, things always look relatively worse when run away sectors get taken down.
Hikes are a broad stroke.

RE:"Blaming it on Clinton is mindless"

Just like blaming it on Bush. The difference is that Clinton is in office and should take the blame because he took the credit when the markets went up.

Jim
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