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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: fred woodall who wrote (3299)	4/26/2001 4:02:03 PM
From: Tommaso	Respond to of 74559

But the Dow has been up all day. It's the techs that sank. (Sooner or later the Dow will follow the techs on down. It's still being viewed as a safe place to move money to when higher-multiple stocks weaken. It's going to take a good while before a lot of people realize that no stock can act as a store of value. The Fed seems aiming at forestalling the inevitable decline of equities, or to let them down slowly enough so that the shock won't transfer into a sudden reduction in business activity. Evidently they hope we can inflate out way our of the debt that would drag down the economy if the value of money stayed the same. At this point they don't have any other choice unless they wished deliberately to ruin the economt.)