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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.69+0.2%Dec 5 4:00 PM EST
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To: Haim R. Branisteanu who wrote (72643)3/18/2001 8:48:15 PM
From: Zeev Hed  Read Replies (1) of 99985
 
Haim, it is difficult to blame the feds for flooding needlessly the system late in 1999, there was a fear (real or imaginary does not matter , psychology is what counts) that the y2k will cause the market to seize and they had to act premptively. I think that it was an unfortunate timing, since the economy was already overheating late in 1999.

Zeev
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