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To: NOW who wrote (27463)1/10/2002 3:12:33 PM
From: At_The_Ask  Read Replies (1) | Respond to of 209892
 
Utilities do well in a low interest rate environment. The fact that they have been falling right along with interest rates all last year indicates that fed easing wasn't quite good enough. They have rallied somewhat in the last few weeks. My point was that perhaps the fed cuts are starting to reach the bottom line.