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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: j g cordes who wrote (36404)	3/15/2002 1:00:43 AM
From: Johnny Canuck	Read Replies (1) of 68130

Message 17200736 I am starting to wonder if there really is all that cash sitting on the sidelines. Some of it probably went into hard assets like housing. Some of it just plain disappeared forever as people tried to buy the dip and lost big time. Remember part of what killed many people in the melt down of 1929 is they keep buying the dips all the way down. Given the low savings rate how much money can really be on the side lines really. In Canada RRRSP contributions were down this year. No line up at all at D-day approached. With the consumer spending to keep the economy afloat with low interest rates on cars, homes and consumer goods where is all this money.

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