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To: yard_man who wrote (117312)	8/17/2001 11:12:23 AM
From: Real Man	Respond to of 436258

You know the market is toast when it can't rally into the Fed. Now that nobody believes in "The Fed will save us" mantra, they have to save themselves and SELL.

To: yard_man who wrote (117312)	8/17/2001 11:41:16 AM
From: hdl	Respond to of 436258

naz just bounced almost 1 %

To: yard_man who wrote (117312)	8/17/2001 11:43:58 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 436258

No the comments at the end of the meeting are more important. I think on a relative basis the stock market is lagging. IMHO the worst is over and the market failed to anticipate it. In April 2000 the market did not anticipate the slowdown. The oil prices were purposely inflated now even with unrest in the ME oil barrely moves. In the tech area .....all those buying in the anticipation of Y2K need new equipment. Cell phones have also a limited life of 3 to 5 years. Europe is stabilizing IMHO. It will take a few months to see the results. Haim