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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: Dave Gore who started this subject8/9/2002 1:59:48 PM
From: Dave Gore  Read Replies (1) of 16631
 
TAKING A POLL ---- Will You Be Disappointed if the Feds DON'T Cut Next Week?

I certainly won't. I totally disagree with this "spin" (below). It's not prudent. The U.S. Dollar would weaken, for one, and more foreigners would pull money out of our Markets as the conversion back to their own currency would get worse. It also sends the wrong signal about the economy. Rates are low enough and the economy is slowly improving! I am sure they will at least wait until the late Sept Meeting. The ISM index is still above 50, after all.

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Stocks May Be Disappointed by Feds
Fri 1:54pm ET
Stock investors hoping for a Federal Reserve interest-rate cut to soothe their headaches over sluggish U.S. growth may be in for a dose of disappointment next week. Growing expectations the Fed will come to the economy's rescue by lowering borrowing costs yet again helped rev up a super-charged stock rally earlier this week.
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