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Technology Stocks : Electronics Boutique (ELBO)
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To: Night Writer who wrote (451)7/29/1999 4:10:00 PM
From: Mad2  Read Replies (1) of 779
 
Don't know. I am a bit concerned about the wage data (4% the highest in 8 years.). My observation is wages growth starts very slow but once momentum is going its hard to slow. On the other hand Fed may not react to wage growth, rather focus on cpi data as direct measure of inflation. I read a article expounding on the benifit of tight labor in forcing manufacturers and employeers to improve productivity. Thus rising wages would be good if productivity could keep pace, suppressing inflation with continued economic growth. None the less one needs be very cautious now. I fundamentally a value buyer and my stuff is doing well today.
Re: ELBO, in the past ELBO has tended to show strength when the market is weak. I still have 1/2 of orignal position. I'll monitor ELBO and as with you would reenter it if ELBO goes <16.
Best Regards,
Mad2
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