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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (12368)	5/21/2003 10:57:09 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Jim, I disagree. If it weren't for cheap money that is fueling a housing boom and also the takeout of home equity by Joe Six Pack, there would be bread lines... At some point it will go poof... Some current Greenspeak GREENSPAN TESTIFIED to a congressional panel that "strong crosscurrents" in the economy make it hard to gauge the outlook. Expectations of a pickup later this year "are not unreasonable," but he warned that lingering business caution may impede a recovery. He said the Fed is willing to cut rates further if needed. At the same time, Mr. Greenspan dismissed concerns the Fed might run out of ammunition to combat flagging growth, saying there is "no credible possibility" that the central bank will lack the tools to revive the flagging economy, asserting the Fed has a "significant" ability to lower long-term interest rates. Ok buddy....