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Politics : The Left Wing Porch

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To: Boplicity who wrote (2440)	1/4/2001 8:46:07 AM
From: Poet	Read Replies (2) of 6089

Hi Greg, The interim rate cut surprised me, to tell you the truth, and I take it to mean that the Fed is aware of a number of factors that show our economy slowing at a pace more rapid than they'd bargained for. I'm expecting some of these factors to be made public over the next month or so. The weakness of the dollar concerns me. Apparently it's already given up the gains it made yesterday. I took the news yesterday as an opportunity to sell some longs and cover the few equities I have. Because I believe the market will continue its volatility within this lower trading range, I'm confining my trading to day- and short-term trading of index options and I have no plans to start building an equity portfolio until late spring. I'm short the Dow and long gold as well. All this, of course, is my opinion and worth about two cents! I'd love to hear your thoughts about these issues, when you have time.

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