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To: Yaacov who wrote (51804)4/18/2001 10:07:58 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 77400
 
<<All combine together meant not a rally but a way out of the bear market! >>

Wrong. debt levels are already too high. rate cuts only work if borrowers borrrow, and go out and spend. In fact, debt is already huge, and banks have been tightening lending standards since early in 2000. bankruptcy filings are now at record high levels.

Bear mkt continues.
Victor