The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (9516)	1/24/1999 1:20:00 PM
From: Rick Faurot	of 90042

<< A spate of economic data could also affect stock prices this week. The data culminates in figures on fourth-quarter GDP. Analysts polled by Reuters are expecting GDP growth of 4.4 percent. >> Greenspan is watching for signs of inflation. Unemployment numbers for Dec were unexpectedly good. If GDP is up around 5% for Q4, the chances of the Fed easing any time soon diminish considerably. An overbought market is going to be impatient for a rate cut. If it doesn't come (and it won't IMO) the pressure to take profits and head for safe harbors will increase. RickF

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