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Technology Stocks : All About Sun Microsystems

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To: Steve Lee who wrote (44508)	8/18/2001 7:25:25 AM
From: JDN	Read Replies (1) of 64865

Dear Steve Lee: Well, to me the two major industries that can keep us out of a major recession may be Housing and Autos. Far as I know Housing still holding up well but autos falling off. Lower rates will prop up these industries. Both employ huge amounts of people and resources directly and indirectly so they are very important to the economy. From my experience major corporations make their capital expeditures programs based on perceived demand for their output, not on interest rates so lowering or raising probably doesnt have the effect (at least short term) you might think. Since AG destroyed the consumers IRA's and 401k's he owes it to them to at least make their debt manageable with lower rates. (gg) Incidentally, can you believe my ENTIRE IRA is in a money market and was BEFORE the stock crash so I am sitting pretty personally on the retirement side, so this isnt sour grapes talk. JDN

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