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To: TARADO96 who wrote (14657)4/17/2000 9:34:00 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 35685
 
blaming talking heads on CNBC is too simplistic
blaming house lack of rescue is too simplistic

three major league factors hurt us:
1. huge margin debt (largest in history)
2. coming off Y2K rally (largest in history)
3. several successive Fed rate hikes (just like 1994)

only difference is the economy is strong as hell now
back in 1994 the economy was emerging from a recession with widespread guesswork as to its potential strength and durability

fear leads people into buying names they recognize as safe
talking heads arent only place to learn of their identities
also in newspapers, journals, newsletters, industry rags, corporate offices, television ads, etc

/ jim