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Politics : Idea Of The Day

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To: SpecialK who wrote (37714)	3/30/2001 1:09:32 PM
From: James Strauss	Read Replies (1) of 50167

SK: With three rate cuts under our belt and a retroactive tax cut coming in June, and more rate cuts down the road, the building blocks are being put into place for the next up cycle... I think it is unlikely that we have any major declines from here... The worst case scenario is a possible panic dip to the 923 area on the SPX, and dip to 1500 on the Nasdaq... While I don't think that will happen, I'm always prepared for the worst in a bear market environment while hoping for the best... Jim

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