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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (35559)	11/8/1998 1:11:00 PM
From: accountclosed	Read Replies (1) of 132070

MB. This isn't really a new or creative post, But.. Remember the last FOMC. The betting was 1/4 or 1/2. Got 1/4. The market threw a fit. Dow down 19%. Arguments whether it was a bear market or not. Speeches about the worst economic disaster in 50 years. Then the second 1/4 came one afternoon. Parabolic recovery. Essentially the market threw a multi-trillion dollar tantrum over the second 1/4 and held its breath until it got it. So it got it. Now it is ok. Back to normal. Discussions of potential buying panics on the way. ...INSANITY

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