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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (13231)9/12/2001 5:10:24 PM
From: Paul Shread  Read Replies (1) of 209892
 
Two views from marketwatch:

Raymond James' Saut, however, is not among those expecting a quick plunge, then a sustained recovery. He sees the opposite.

"The market will be propped up temporarily, but we're in a primary downtrend," Saut said. "There is no precedent for this, and if there was ever any doubt that we were heading into a recession, that was thrown out the window yesterday."

Even so, Highstreet's Brown, Barrington's Paris and others expect American markets to reflect the American character.

"Americans will show the world that it's best not to bet against them," Brown said
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