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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (47915)	2/23/2001 12:51:54 PM
From: American Spirit	Respond to of 57584

You don't get it, Softie. If techs fall the way you want them to (and they're already about there) for a prolonged period and everyone just stops purchasing it will cause a world-wide crash. Sure you can buy Kelloggs stock because people will still eat breakfast but the domino effect will criple autos, retailers, housing, you name it. Greenspan cutting rates now offers us all an incentive not to stall purchases for too long. Debts can be paid off cheaper, etc. No reason interest rates should be this high anymore. It's all a matter of priorities. The entire economy needs a Fed cut next week not just techs.