PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: DuckTapeSunroof who wrote (477316)	10/17/2003 12:29:59 PM
From: DavesM	Read Replies (1) of 769670

re: John Tempelton "NASSAU, Bahamas – Sir John Templeton, one of the world's most respected investment advisers, says that the downfall in the stock market over the past year is bigger than the crash of 1929, and he doesn't expect a recovery anytime soon..." "Using an old rule of thumb employed by professional investors, Templeton said bear markets often last half as long as the preceding bull market. He counts the bull market as having begun in 1982 and having ended last year – an 18-year run – and wonders out loud if we may be witnessing "maybe a nine-year bear market...." "He (Templeton) believes the Bush tax cut could provide significant help to the economy and the market. "Cutting taxes is always magic to stimulate an economy," he said, adding that Bush's reduction is too small. "It should be more," he said." - March 2001

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