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To: Joe Wagner who wrote (2021)	6/15/2000 2:35:00 PM
From: The Ox	Read Replies (1) \| Respond to of 4808

I agree that the market has been a tough call. The Fibre Channel portfolio has taken a big hit, that's for sure. Little question in my mind that if you can afford the time to set targets for buying and selling, that trading has been the best strategy. The FED has really applied the brakes in a very big way. It will take a few more months to see just how fast they've slowed things down. I think they may have overdone it but it's just too early to tell and, as far as we know, they may continue to hike rates. I have a feeling we will be seeing a recession if they raise rates again. I sure hope I'm wrong on this call! Best of luck, Michael