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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Andrew G. who wrote (92841)4/11/2001 12:56:09 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
you are very astute in pointing this out. whenever the broader indices are not confirming a rally attempt, it is one of the signs that the rally will likely not hold.

as Mr. Moto mentions in his monetary report, we are witnessing a Fed induced artificiality...they are specifically trying to goose the stock market via repos and coupon passes. the problem is that IF the reflation attempt works, we'll get runaway inflation in goods and services. so no matter what they do, it will be the wrong thing to do. the biggest mistakes were made DURING the boom and everything that's being done now is merely delaying the inevitable.
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