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The New DU. Reply #1: Manic, but no meltdown
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Newsjock
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Sun Mar-16-08 04:17 PM
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| 1. Manic, but no meltdown |
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Quite the opposite ... the possibility of a full 1-point cut could very well send stocks surging, perhaps by 500 points or more. They will have bought themselves one more day of favorable headlines, but at what cost? Last week's one day of "good news" cost them a mere $200 billion.
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