VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Murrey Walker who wrote (40098)	8/9/2001 12:03:00 PM
From: limtex	Read Replies (1) of 65232

MW - There are stories of a lot of people just plain giving up as they are fed up with the market. Its been going on like this week in and week out for aver a year and a half. It isn't a year its more. Every time for a year and a half we've had a rally it has turned sour and has cost people a lot of their savings. All in my view due to the atmosphere of liquid panic that was built up in the first few months of last year that the economy was overheating and that the job market was too tight and that inflation was incipient. All three of these baseless fears were erected by a series of Government statistics that turned out to be wrong. In other words the Fed applied exactly the wrong policy. They put the brakes on and put them on hard when they should have been taking them off. Having said all that I am beginning to feel that things are slowly geting better from here. No numbers to base it on except that things are so bad they can only get better. Sooner or later even Mr Moscow and Mr Greenspan are going to start taking the brakes off which so far they have not done. Best regards, L

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