Wal-Mart Message Board - Msg: 1799889

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Non-Tech : Wal-Mart

WMT 102.48

-0.1%

Nov 14 9:30 AM EST

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To: Jack L. Dlugach who wrote (131)	7/20/1997 1:41:00 PM
From: wiz	of 1166

Jack Some interesting reading..... <<WASHINGTON, July 20 (Reuter) - The United States is ``well prepared'' to handle the economic and financial fall-out should the stock market collapse, Treasury Secretary Robert Rubin said on Sunday. ``The government's function ... is to make sure that we have in place the protective mechanisms so that if there is a correction ... it won't have a systemic impact on theeconomy and won't threaten our financial system in anyway,'' he said. ``I'm comfortable that we're well prepared should anything happen,'' he added on NBC television's Meet the Press program. Rubin though hastened to say that he was not commenting on whether or not a stock market drop would occur. ``As Secretary of the Treasury, it is not constructive for me to express views on markets,'' he said. The Treasury chief described the U.S. economic outlook as ``quite favorable.'' ``We're likely to stay on a very good path,'' he added. However, he said that investors who put their money in stocks not only had to take account of the economic outlook, but also whether the market was fairly valued given their expectations.>> .... I think the fed is scared to death of this market. Greenboy couldn't stop it, historicly ridiculous PEs haven't stopped it. Maybee I'm too cautious....(I went out 15 miles in the ocean in a 16 foot aluminum skiff yesterday....I think I'm actually closer to reckless!-g-) Why am I so scared of this market?-g- Mark

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