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To: sun-tzu who wrote (143385)1/12/2002 8:42:43 PM
From: Les H  Read Replies (2) | Respond to of 436258
 
printing money doesn't help companies that are burning up cash from their stock offerings, their bond issues, or their private funding. a lot of them shot their wad in December with sales puffery, and started running out of cash by April.

there was also a squeeze on consumer spending from high gasoline prices and utility bills. Detroit needs to sell gas guzzlers or sell a lot of high interest car loans to stay in the black.



To: sun-tzu who wrote (143385)1/12/2002 8:42:59 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
No! I reject that in it's entirety! It was not an easy call!! That is surely NOT why the Nasdaq crashed ... that is the pundits explanation.