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To: Perspective who wrote (56793)1/11/2001 9:32:32 AM
From: Terry Whitman  Respond to of 436258
 
Thanks for the advice. Certainly the market could fall some more before it recovers- and there is always a doubt in the back of our heads that AG will even come through with more cuts.

BUT- There WAS only one time in the past that a 2nd rate cut did not inspire a good run and that indeed was TEOTWAWKI for the market and economy at the time- 1930.

So you could look at it that way. Either we're heading for a repeat of 1930's, or we will recover with more cuts. I'm betting on the latter, but reserve the right to change my mind if no recovery starts.