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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (6492)	2/25/2001 9:15:40 PM
From: Roger A. Babb	Read Replies (1) of 19633

Tom, the expectation of a rate cut next week is now partly built into the market and I think it will continue to rise until either the cut happens or the expectation is broken. But the problem is that the economy really is sick and I fear that the earnings problem will be wider, deeper, and longer than expected. Only so much bad news can be compensated by the good news of causing rate decreases. A lot of folks sold stocks for profit in 2000 and taxes will be due on April 15th, I look for a selloff just before then as folks raise cash to pay Uncle Sam.

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