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To: GST who wrote (128866)7/23/2001 6:09:13 PM
From: schrodingers_cat  Read Replies (2) | Respond to of 164684
 
>People buying stocks are betting on a turnaround in the economy... Exactly!

Why do you think that the Fed's rate cutting will fail this time, when it has always worked in the past? Rates are now similar to levels of the early nineties, so why should they not have the same effect (ie recovery) ?