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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (42377)	2/8/2001 10:03:45 PM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

You guessed it: '29 was the only expection to the two cuts rule. But even then the market rallied for five months. As much as the 1990s was built on a mountain of liquidity and debt, though, it can't touch the '20s: 30% of stock holdings on margin, two bank failures a day even at the height of the boom, and a hostile Fed to boot. This market has too much faith in Greenie. As long as he doesn't keel over, the market'll be okay. And even then they could bring in Rubin.