Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Lee Lichterman III who wrote (12399)	7/22/2001 10:46:51 PM
From: Challo Jeregy	Read Replies (2) of 52237

This is why I asked. Hubby is opening a new 401K (money market <g>)- I talked to the new broker - actually, he's more like a financial planner. He said they are expecting a "surprise" cut on the 27th and expect another 75 basis points before the fed is done. Some banks have already started lowering their rates again. In addition, he spoke to several big fund houses last week (mentioned Oppenheimer). Said they are at 20% cash and not buying anything except add-to to average down. He was in agreement with our money market selection. I, too, thought that the initial reaction would be as you said. I've seen turn dates mentioned of July 25 and Aug 5. Wonder if a 1/4 point could give us a boost and then reality sets in. <ggg>

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