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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (31987)	9/1/1998 2:09:00 AM
From: PaperChase	Read Replies (2) of 132070

Gasp! A fellow bear thinks Fed will loosen interest rates to avert market problems. Gasp! IMO, Greenie will lose all respect if he lowers rates. Why should he lower rates so that the bulls can claim amnesia and then drive the stock market back up? I would like to be impartial and believe that the market should stand or fall on its own weight but I realize how interconnected stock prices are to the economy. Bill Fleckenstein's comment today: "Real attempts at a turnaround should occur by the end of the week, although if it takes that long it will be from much lower prices. You can also be certain that if it takes until the end of the week, the Fed will have cut rates by then as nobody wants to see the system go down in flames if they can help it. "

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