CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: Brennan Wilkie who wrote (10239)	6/16/1999 11:16:00 AM
From: Jenne	Read Replies (3) of 19700

More About This CPI By James J. Cramer 6/16/99 11:04 AM ET Inventories for paper and wood didn't fall big. What's the big deal? If that's the question you are thinking, you haven't seen enough soft-landing scenarios. It is a big deal. When the economy is as strong as it has been, the bulls begin to grasp on anything. The most sensitive number out there is inventory of heavy-duty paper and paper-related products. You want to see a low inventory number if you are a producer. Low inventory means good news for cyclicals. High inventories? Bad for cyclicals. We had a bad-for-cyclicals number this morning. If this piece were part of a cyclicals clinic, I would say, "From this number, the economy is slowing, so shift into growth stocks and The Stocks Everybody Loves." Get used to hearing the phrase "soft landing." I heard it for about 3,000 Dow points after 1989, and another 3,000 points after 1992. I can't believe I am the first to use it this time. Makes me proud. --------------------------------------------------------------------------------

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