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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (1429)	7/4/2002 1:21:47 PM
From: Jim Willie CB	Respond to of 89467

article: Plunge Protection, might be less than thought by Steve Saville gold-eagle.com an excerpt: The market (the S&P500 Index) is trending down and we expect this trend to persist until the majority of stocks have become fundamentally under-valued. However, within this downtrend there will be counter-trend rallies and there will be many occasions on which the market reverses higher following bad news. This is normal and is what the market must do if it is to maintain some semblance of hope (hope is what bear markets feed on). The final bottom could come quickly as a result of mutual fund investors giving-up en masse (perhaps in response to some devastating and truly unexpected news), or it could come slowly following a drawn-out slide (a death by a thousand cuts). / jim p.s. play nice