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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?


To: Mark Fowler who wrote (7745)6/26/2001 1:14:57 AM
From: Bill Harmond  Read Replies (1) | Respond to of 57684
 
The defensive issues are giving way to growth. The market is betting more and more on recovery. It should. The Fed wouldn't be lowering rates at this historic rate if they were targeting the consumer only. They're targeting productivity-enhancing high technology capex.

They know they blew it when they tightened credit in the absence of inflation.