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To: Joe Wagner who wrote (2513)12/20/2000 12:40:40 PM
From: Joe Wagner  Read Replies (1) | Respond to of 4808
 
Looks like the market is discounting more slowing before a pick up in the economy.

Even if interest rates are cut in the end of January, it will take time for the economy to react and start picking up. Until the cut, it means a slower and slower economy. This means lower earnings and more warnings. Energy prices should start coming down in Jan.,which will help.
I think we will hit a bottom the end of Dec. or early January.


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