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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Peach who wrote (6031)10/9/2002 5:12:42 PM
From: Jorj X Mckie  Respond to of 57110
 
actually, the Fed was draining liquidity in early 2000. Arguably it is what precipitated the crash in April. The fed's mistake was trying to stop the decline by dropping rates and pumping money into the system in the subsequent declines.