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To: mishedlo who wrote (3169)7/29/2000 7:22:01 PM
From: Morris Catt  Read Replies (1) | Respond to of 13572
 
M,

Message I get now is neutral - in other words the Fed is continuing to hold the money flow spigot turned down (restricted money supply). I read this as likely a drifting or down market maybe way into the Fall and then who knows yet. Remember that there is a 2 to 3 month delay (some will say more) between the Fed changing the money supply and the economy responding.

Any comments or thoughts?

Regards,

Mac