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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (22384)	8/14/2002 12:31:13 AM
From: Susan G	Read Replies (1) \| Respond to of 26752

What I found extremely interesting during the events of the past week is the way the big banks and brokerage houses suckered the individual investor into a non-existent rally, once again. The call by economists at these firms to lower interest rates were no more than self serving and at the cost of the individual investors. Brokers know investors are still out there looking for the bottom of this market so they can put their money market funds to work right as the market rebounds. Folks, let me tell you something, IT IS NOT GOING TO BE THAT EASY and most brokers out there do not know when that bottom will be. Now the near term for investors becomes even more treacherous as the fed has left the door open for a surprise rate cut. Thoughts of making money by shorting the market carry much larger risks. Getting caught short when the fed announces a rate cut could be expensive." financialsense.com