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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Patrick Slevin who wrote (53)1/3/2001 9:07:25 PM
From: Oral Roberts  Read Replies (4) of 15481
 
I tend to think that this cut puts AG and GW on the same page of the play book.

As a manufacturer in the mid-west I have been saying since about August of 99 that things were slowing dramatically. I suspect that you will see the numbers continue to drop looking around my area at what is being offered for bid. People have shut right down. More important and what should be more telling for the higher ups is that the government projects like schools hit 0 about Feb of this year around here. This shouldn't be such a surprise to them IMO.

I think that Alan see's the need to put some money back into the people's hands with both a tax cut and a rate cut. The rate cut which will have more of an effect on business then us actual peons.

I see today that Gephardt is even talking about the need for tax cuts to stimulate the economy now.

The flip side to all of this is that we will be euphoric for a day or two and may even make the bottom, but earnings are not going to change tomorrow.

I doubt that usn's are going to bid our fav's back to the stratosphere anytime soon.
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