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When the markets reopen, we may very well see another 3% factor event. I
suspect we will see unparalleled determination on the part of the US
Government to avoid a financial meltdown ... not only through direct market
operations but through exhortation of major companies to support their
stocks with repurchase operations. It will quite likely take several weeks
for markets to find their natural levels which will quite likely be lower
considering earnings pre-announcements, loss of consumer confidence, and
losses in economic activities.
Earl
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, September 11, 2001 8:58 AM
Subject: [RT] 3% factor
> Some have asked in the past what the 3% factor is. What happened in NY
> and DC this morning would be classified as a 3% factor event.
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