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Still, examine why earnings fell. Could it be the stock prices fell and
borrowing power went out the window? Could it be that large firms slowed
buying from mid size firms who slowed buying from small firms who showed
buying from micro cap firms? Net result is a down market falling further
due to poor earnings from all size businesses and all the bad news due to
stocks selling off. Of course, I'm not talking about the maze of dot.coms
thrown together so a couple of techie types and their attorney could rip
off a few mil while the craze was on. They're going away as they should
and as they were intended to do by the organizers. I still say the tail
is wagging the dog.
Bob
At 12:55 AM 4/23/2001 -0400, you wrote:
>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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