WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 166.10

-2.3%

Nov 12 3:59 PM EST

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To: Zeev Hed who wrote (17658)	12/26/2000 8:41:55 PM
From: limtex	Read Replies (2) of 60323

ZH- You have put your finger on it. The Fed or rather some person or people at the Fed are targeting the NAZ. We all feel it. We know that the NAZ is primed and ready to spring and that the Fed is watching it like a hawk and holding back a rate cut for as long as possible in order to prevent a 'dislocation'. Well and good but there are consequences. The 1929 crash, as this crash was caused in the first place by having interest rates too high for too long. As in 1929 they thought they were doing the right thing. This time is no different they have cuased the crash of the market and the economic fall out is now well underway and will result in a very very nasty recession if they continue in with this insane policy. Listen to John Conners, he described a sudden, unexpected and dramatic fall off in business around the World. Look at the fall off in business in Asia and now in Europe. China will be next and that won't end up well if gets out of hand. And all this becuase of an irrational fear of the NAZ prospering. It has got to the state that the World economy is being held hostage to the extreme prejudice of one man against the growth of a stock market. He should in fact recuse himself on reflection since he is clearly unable to provide a balanced judgement and the entire Worlds economy cannot be put in this position. Best regards, L

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