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To: MeDroogies who wrote (1498)7/24/2002 1:58:27 PM
From: Elwood P. Dowd  Read Replies (1) | Respond to of 4345
 
I agree that lowering rates would be a mistake.
The economy is said to be in a recovery mode and a rate cut may only serve to destroy that mindset on Wall Street.
Furthermore, the most recent leg down in equities is, supposedly, trust/confidence related and a rate cut would not relieve that feeling in the potential investor's mind.

El