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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Bucky Katt who wrote (9086)6/21/2001 1:36:16 PM
From: James Strauss  Respond to of 13094
 
Corporate tax receipts that were due on June 15 have fallen 25 percent from last
year's levels, according to analysts at Wrightson Associates, a research firm.

Treasury Department spokesman Tony Fratto wasn't available to comment.
quote.bloomberg.com.


William:

Mr. Fratto was last seen hiding under his desk... : >

This is serious stuff... If we go from surplus to deficit we'll see interest rates rising as the Gov't borrows more to finance the tax cut and a missile defense system more costly than the tax cut... In the face of this the market is up today... I hope this isn't the last dance on the Titanic... : >

Jim