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Strategies & Market Trends : Waiting for the big Kahuna
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To: Dnorman who wrote (37079)2/4/1999 5:24:00 PM
From: James F. Hopkins  Read Replies (4) of 94695
 
Sure it does, and Spam drained again today, I'm convinced
it's crony capitalism, and the double digit liquidity
he tossed at the market driving the dollar down but stocks
up had a lot to do with helping his friends unwind the
LTCM stuff they took over for pennies on the dollar.
If they have finished unwinding the LTCM he will try to
put the market back where he thought it should be all along,
Spams loyalties lay mostly with the investment bankers,
not the U.S.
-----------------
Of course he believes that what is good for them is good for
the U.S., he's of the old school, remember the old WWII motto
"what is Good for GM is good for the country" ,
Now it seems that is what is good for the investment
bankers is good for the U.S.
Jim
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