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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (16287)	8/28/1998 11:47:00 AM
From: Mike M2	Read Replies (1) of 18056

John, while there is no way to prove the gov't rescues the mkt occasionally I suspect they do- it fits in with there band aid short term approach to problem solving. From a longer term perspective intervention simply emboldens "investors" to take greater risks and creates a bigger bubble which inevitably must burst causing greater damage than would otherwise be the case. Mike

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