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When the Fed cuts rates it gives an enormous sugar rush to the markets,
but fails to address the real problem which is corporate earnings. The
Fed only tweaks short-term interest rates which effect borrowing. Cheaper
money isn't going to dig the "dot bombs" or failing telecoms out of their
pit, so don't expect any long-term effect in stock prices.
-- John
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John T. Nelson | John's Trading Journal
trader@xxxxxxxxxxxxxxx | http://trader.computation.org/
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