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To: Return to Sender who wrote (1196)7/15/2002 11:57:26 AM
From: Return to Sender  Respond to of 13403
 
OT: From Briefing.com: Fed rate cut rumors

Rumors that the Fed might cut rates are giving the market a lift off the lows; rumors apparently emanated from S&P futures pits. These rumors should be taken with a huge grain of salt - stock investors often like to think that Fed policy is conducted for the benefit of the stock market, but in fact the Fed focuses on the economy, and with the economy performing reasonably well right now, a rate cut is unlikely.



To: Return to Sender who wrote (1196)7/15/2002 11:58:06 AM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 13403
 
Rts, Since amat is up a few cents in the face of a 300 pt dow drop, and if the dow recovers a little (to say only 200 down). Would that drive amat up or down ? I think up a little. I think amat is telling us it is disconnected from the general weakness today.


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