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Pastimes : Home on the range where the buffalo roam

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To: pbull who wrote (9309)	10/7/2002 9:10:58 AM
From: Sig	Read Replies (2) of 13815

<<<Aren't these Fed clowns something? Aren't the market and the economy basically the same thing? I'll say the Dow jumps 300 points at least, largely on short covering, assuming a 1/4-point cut and some choice words from Al. Will any gains in the Dow be sustainable? No. This is one of those times shorts shouldn't particularly dread; they'll re-establish positions in their faves, like JPM, at higher prices. The Nikkei broke out again today toward the abyss.>>> Looks like a critical day for the Market. A possible turning point Human intervention for 20 years could not save the Nikkei Can the Harvard BS grads, insulated from the masses who have the purse-strings do the job? Its a far different world for those with jobs, Political connections, Club memberships, and secure retirement assets than it is for the unemployed and those whose jobs are theatened. If todays Fed action cant save us, it may take a program like the WPA, a new space program, a new highway program to save the situation and the US leadership position in financial markets. Dont know the effect of a War tho. Yes, if we get a bounce, I'll buy some more putskis. Sig

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