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


To: Roger A. Babb who wrote (14356)9/30/2001 11:35:50 AM
From: Dale Baker  Read Replies (3) | Respond to of 19633
 
It may sound trite, but you should write all your representatives in Congress with exactly what you posted there. They are all looking for ways to help - but very few people in Washington have any clue how the private sector really works.

Small business credits sound more useful than a capital gains tax cut would be.



To: Roger A. Babb who wrote (14356)9/30/2001 12:01:38 PM
From: Tom Hua  Read Replies (4) | Respond to of 19633
 
Roger, interesting perspective. The Fed has already flooded the market with liquidity and will continue to do so, supply is ample but demand just isn't there yet. The Bank of Japan also lowered interest rates aggressively to zero and pumped excessive liquidity into the economy but to no avail. There's a lesson to be learned from across the Pacific. A solution was provided to the wrong the problem.

The poll here is neck to neck between 25 and 50. Because I believe the Fed will cut only 25 and market won't like it, I'll position my portfolio for such a play.

Poll:

4 for 0 bp
9 for 25 bp
10 for 50 bp

Regards,

Tom