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To: Boplicity who wrote (8403)1/3/2001 2:24:52 PM
From: MulhollandDrive  Read Replies (2) | Respond to of 13572
 
bp down is good.

:-)

But it may be too little too late. The last 50bp hike was like a nail in the coffin and now Alan is prying it back out.

Look at todays other financial headlines, Home Depot closing 70 stores, Ford profits down. Don't you think it will take more than a slice off the Fed Fund rate of 50bp?

Tax cuts, increase IRA and Pension funding limits, and throw in Investment Tax credit too! LOL...



To: Boplicity who wrote (8403)1/3/2001 2:37:50 PM
From: Sig  Read Replies (1) | Respond to of 13572
 
Well Greg, I would have sworn that all the politicians and bankers had sold their stocks long ago and put it in bonds. They sure didn't care whether the minor techs went down last year.
I guess yesterday they realized the big stocks held in their family for generations like T and Hwp and F were also going to suffer mightily from attemps to put the little investor out of business, er...., I mean to control inflation..
This is the 46 th rally in the last 12 months and we just kept going down. I will believe its real when the NAS recovers maybe 800 or 1500 points without tanking again.
We have already made up yesterdays losses.Wow
Sdli up 34? Another 100 points and it will be back to where it was a month ago.
Sig