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To: AllansAlias who wrote (33317)3/5/2002 11:20:37 PM
From: John Madarasz  Read Replies (1) | Respond to of 209892
 
Yes, it stuck me as a protectionist type of move...not very reasuring to say the least.

BTW, Hahn, who has been extremely accurate with some of his turns lately has a projection to the eod today for the Nasdaq, and there is a Bradley (Helio)turn due at this time as well. Manfred Zimmel who charts these Bradley turns is quite bearish here as well i believe...



To: AllansAlias who wrote (33317)3/5/2002 11:21:07 PM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
If memory serves, we've had anti-dumping duty at least a couple other times in the past 10-years. There is also some new technology in steel manufacturing that could make the US steel mills much more efficient than any others in the world. I think the mills need time to rebuild capital so they can buy the equipment to make that happen.

Funny that nobody is putting anti dumping duty on the Dollar <G>



To: AllansAlias who wrote (33317)3/5/2002 11:35:14 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
The tariff was way less than the industry was asking for. Doesn't even include Canada or Mexico. As for a steel tariff being inflationary, well given that steel prices are about half of what they were 15 years ago I'm not too worried about it. Wish my new car had reflected that deflation.