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Strategies & Market Trends : Paint The Table
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To: Venkie who wrote (18302)3/8/2002 10:31:29 AM
From: Jorj X Mckie  Read Replies (2) of 23786
 
My mistake was paying attention to the FA. But I go back to an earlier question; would we have this rally if the fed wasn't pumping up the money supply? If the answer is no, you have to be at least a little concerned about what happens when he stops. Because, if this rally isn't based on good ole grass roots fundmental strength in the business world, it will collapse eventually. There has been a concerted effort by the fed, the treasury secretary, wall street analysts, etc...in the last week to convince the retail investor that everything is a-ok. That should make everyone a little suspicious.

If you want to convince me of a bottom, start showing me some topline growth. Not just companies meeting of thrice reduced earnings.
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