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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (4568)	8/31/2001 2:49:51 PM
From: Yorikke	Read Replies (2) of 33421

The fed speaks....or dodges... Ferguson, in prepared remarks to be delivered to a gathering of top central bankers and academics in Jackson Hole, Wyo., said optimism about the U.S. economy's growth potential had led to a ``complacent'' view of risk that in turn fed a bull market dating back to the Eighties. ``In this environment, many investors -- not merely newcomers -- purchased stock on the belief that business plans would become reality. The problem was not, for the most part, that new investors came to dominate the market but that many investors' attitudes toward and perception of risk changed biz.yahoo.com What happened to an era of unprecedented growth in productivity? Do people really have control over their IRA investments? Seems to me the last stage of the scam is in the works.....'Its all your fault America'.

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