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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%4:00 PM EST
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To: Doug who wrote (72950)3/21/2001 12:53:56 AM
From: jmootx  Read Replies (1) of 99985
 
Doug

Correct in what you say. The key point is the entire political arena: Congress, pres., and the Fed are incapable of mitigating excesses during prosperity. The Bush tax cut is as close to responsible policy as we can get. Remember the paying down the debt bull? So why did the government spend 8-10% more last year than pay it down? So what I am saying, prosperity weakens the Fed and the three branches. The very nature of politics forces tough declines to set limits for the future, not the reverse.
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