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To: Scumbria who wrote (135788)5/22/2001 2:28:25 AM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
SCUMbria - re: "When the President and Vice-President of the US talk about recession, smart investors get out of the market."

If the President and Vice President said that money grows on trees, would all investors head off to Yellowstone or Yosemite or the Ozarks to collect their riches?

Paul



To: Scumbria who wrote (135788)5/22/2001 9:44:04 AM
From: Tony Viola  Read Replies (1) | Respond to of 186894
 
>When the President and Vice-President of the US talk about recession, smart investors get out of the market.

Which is exactly what happened during the first three months of Bush's administration.

Like the new administration can do something overnight in the wake of 6 straight rate hikes by the Fed. Even CEOs of companies or pro sports coaches are given some years to turn around a loser.


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