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Pastimes : Ask Mohan about the Market

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To: Crimson Ghost who wrote (16823)	10/24/1998 10:53:00 PM
From: Zeev Hed	Read Replies (2) of 18056

George, the urgent cut by the fed occurred as the market was at 7900, I am sure AG knew it will blow it off well above 8000. I think that AG is more worried about a slowing economy then a bubble right now. He also wants to reduce the pressure of countries south of the border, particularly since the new policies in Brazil might very well precipitate a recession south of the border and that might make it much more difficult for the US economy to maintain its "even keel" growth. I would say that that a cut will come. Quite a number of banks might actually need it. Zeev

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