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Pastimes : Trading the markets.....
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To: GROUND ZERO™ who wrote (3816)2/28/2001 3:17:54 PM
From: Chip McVickar  Read Replies (1) of 4583
 
I'm out of that position at 1237.50
Now Flat

After all that foolishness from Wayne Angell of Bear Stearns calling for a 80% probability of a rate cut this week, he now retracted his statement.



I love this part:
Source: SmartMoney.com
>>(He is refering to the Greenspan testimony this morning)
``This is horrible testimony that pours cold water on the notion of an intermeeting rate cut,'' Angell wrote to clients. He accused Greenspan of being complacent despite weakness in the stock market and deteriorating economic fundamentals, but said he still sees at least a half-point cut on March 20.<<
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