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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (27859)	7/29/1999 9:53:00 AM
From: IQBAL LATIF	Read Replies (2) of 50167

<<..................I will like to bet that after AG, ECI and GDP number would be marekt friendly.. >> ECI is not marekt friendly whereas GDP is.. the market is ignoring GDP and emphasising on ECI since ECI brings the problem of wage pressures that constitue 70% of manufacturing, wuth yesterday durable goods lower todays GDP number indicates an economy htat is slowing.. I think that ECI emphasis is wrong, cooler and saner heads would soon prevail. It is the picture of the past, the GDP slow down and GDP price deflator are in line and they are the future a economy that is slowing and consistent inflation, look at the future and not the past. The employment cost will adjust if economy is slowing. Market after intial reaction In my opinion will soon realize that.. Pits are long at 1350 and so am I long on SPU options with a stop loss at 1336.. area.. If 1344 breaks I will sell some futures and continue with my long .. I will cover at 1339,the short futures.. and expect the bounce from lows.. ..

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