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When the Nikkei market collapsed, the Japanese authorities eventually cut
the rate to ZERO.
Still didn't help their economy or their market.
Given the Nasdaq is tracking almost perfectly with that past scenario,
we may see Greenie on the street corners giving out zero percent loans
before it's all over.
Heck, I heard right now that even large companies like Lucent Technologies
cannot get a bank loan !!
> -----Original Message-----
> From: Lawrence Chan [mailto:stnahc@xxxxxxxx]
> Sent: Monday, February 26, 2001 10:00 AM
> To: robert.cummings@xxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: Fed Rate Cut
>
>
>
> How many "times" can Greeny cut the rate?
>
> When the rate is too low - it will force a
> lot of smaller finance institutes into trouble.
>
> -Lawrence
>
> --- robert.cummings@xxxxxxxxxxxxxxxx wrote:
> > If we get a rate as some have guessed. I'm thinking
> > the market will
> > initially go up then reverse to the downside.
> > Anybody else think this might
> > happen.
> >
> >
> > Robert
> >
>
>
> =====
> Lawrence Chan http://www.tickquest.com
> Home of trading tools NeoBreadth and NeoTicker series
>
>
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