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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: eyebalz who wrote (12837)	8/20/2001 3:35:59 PM
From: Tom Hua	Respond to of 19633

eyebalz, one can make many points to justify no Fed cut based on recent economic data and the Fed's argument that it takes 6-9 months for rate cuts to have a real effect on reviving the economy. The Fed has cut 6 times already. More importantly the dollar has been weakening, lower rates will accelerate its decline. Foreign investments will be severely impacted if rates are too low. Poll update: 2 for 0 bp 10 for 25 bp 0 for 50 bp Regards, Tom