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Strategies & Market Trends : Tech Stock Options
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To: steve susko who wrote (55583)10/15/1998 6:10:00 PM
From: stockycd  Read Replies (4) of 58727
 
SI wouldn't be so contrarian if the FED didn't cut. Once investors realize that things must be in pretty bad shape for an emergency rate cut, we'll go back down. 6400? I doubt it but mid 7000's, I think so.

I wonder what really prompted the cut...More hedge funds belly up? I can't help but think that this cut had more to do with the market and less to do with the economy and when they start doing that, it's dangerous.
CD
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