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On Wed, 3 Jan 2001, scheier wrote:
> I have previously held Mr. Greenspan in fairly high regard, but
> must reconsider my opinion. This is an example of the Fed
> playing god. That's not its role. It's role is to tweak. It's manner
> should be humble. In this action, it places itself above the private
I tend to agree. The Fed move today will give the markets a great big
sugar rush and perhaps not the nutrition that they really need. My
intuition tells me that while this might be the beginning of a rally,
there's still a huge risk of dissapointment (earnings).
- John
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John T. Nelson | John's Trading Journal
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