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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Smiling Bob who wrote (109087)3/11/2008 2:38:39 PM
From: Think4YourselfRead Replies (2) of 306849
 
re: Fed more interested in illusion than reality.

Must confess that I don't understand this comment. It seems to me that the fed's action should actually HURT the stock market. Their highly focussed targeting of a specific problem doesn't directly help the markets, other than specific financial companies. It also means that they aren't likely to cut rates as much next week, which may actually hurt the markets.

My WAG is that DOW closes above 12020 and S&P is above 1308
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