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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Perspective who wrote (207611)12/3/2002 1:02:37 AM
From: ild  Read Replies (1) of 436258
 
Fed is scared. They cut 50 points. They know that if X-mas is bad - it's finish and they won't reflate. About $100 Bil is somewhere in refi cash out pipeline, but refi process has slowed a lot, so the Fed is helping to fill the void.
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