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To: LTK007 who wrote (358758)	2/21/2008 11:41:54 AM
From: LTK007	Respond to of 436258

Another thing Fleckenstein said on BTV yesterday was that TheFed wanting to let people know the inner meeting 75bps cut had nothing to do with the stock market weakness was alie, asthe inner meeting cut HAD EVERYTHING to do with the fact market was in big rouble, He said, and i agree TOTALLY, that everything the fed does is for the stock market that is now their prime directive.. Their raison d'etre. Fleck said exactly what i have been saying for several years:)Our economy and the psychology of the populace is RULED by what the ticker is doing. In otherwordswe are PRISONERS of aticker tape--how neat, and how totally stupid and dangerous. Desperation with the POWERS they know thisis now a HARD REALITY, and they can NOT fail to keep the market from going into BEAR STATUS. i laugh when MM says the Market is simply trying to climb a classic wall of worry. He has it reversed, the Market is trying to fall down and only the DESPERATELY WORRIED PPT be holding it up. Will they succeed?? They are quite powerful and quite aware that the stakes are huge. So they will avoid collapse, until someday. The sick part, they are in desperate situation is all from their own doing and the rank greed and criminal corruption.