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Strategies & Market Trends : Rande Is . . . HOME

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To: sandintoes who wrote (52791)	6/27/2001 10:39:26 PM
From: Rande Is	Read Replies (3) of 57584

Glad to hear it, Sand. And RE: the FED, it went down just like I have been saying for over a week that it would. I think it was a wise move. The last thing we need is to over-correct and heat the economy up to quick and too sharply, risking a round of inflation. Today's move was prudent. And don't forget that Greenspan is beginning to enjoy surprising the markets with an inter-meeting cut. So all in all I like it. But that doesn't mean that the market will respond accordingly. As I've said before, it stopped tracking FED moves a while back. I really would like to see that re-test happen BEFORE we head into the long-slow part of summer. Rande Is

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