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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Michael Watkins who wrote (83168)3/20/2001 9:54:41 PM
From: Ilaine  Read Replies (1) of 436258
 
The reference point you're using for a bottom was when the Fed first did that emergency rate cut in October, 1998, to keep LTCM from destroying the currency. We're already below the August, 1998 high we reached right before the second round of "Asian flu" hit.
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