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To: AllansAlias who wrote (27661)	1/11/2002 2:00:54 PM
From: Sully-	Respond to of 209892

...............There are sound reasons for concluding that the long-run picture remains bright, and even recent signals about the current course of the economy have turned from unremittingly negative through the late fall of last year to a far more mixed set of signals recently. But I would emphasize that we continue to face significant risks in the near term. Profits and investment remain weak and, as I noted, household spending is subject to restraint from the backup in interest rates, possible increases in unemployment, and from the effects of widespread equity asset price deflation over the past two years................. federalreserve.gov

To: AllansAlias who wrote (27661)	1/11/2002 2:01:29 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

probably not a bad idea to consider some moving avg reads on the vix rather than just a raw I/D count...crossovers etc.