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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Real Man who wrote (95669)4/18/2001 11:51:29 AM
From: Ilaine  Read Replies (2) of 436258
 
One final point and then I really gotta go - anyone who thinks the Fed's actions are directed towards the stock market per se is missing the big picture. The Fed's actions are directed towards the economy as a whole. To the extent that it can keep the economy from collapsing, it will. One major goal is to avoid sudden movements caused by liquidity crunches - they call those "shocks." Little slow movements downward are fine - look at the Nasdaq, down roughly 60% in one year.
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