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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (10507)	8/6/1999 9:20:00 AM
From: DlphcOracl	Read Replies (1) of 57584

Negative data regarding employment and jobs released this morning at 7:30 AM EST: non-farm jobs created: 310,000 (200,000 anticipated) Unemployment rate: 4.3% wage rate increase: 0.5% (0.3% anticipated) These numbers are considered "inflationary" and over the remainder of August will hang over the market and help it to trend lower. It also increases the stock market perception that an interest rate hike on Aug. 24th is likely. Truth be told, I thought a rate hike was imminent anyway. I intend to take advantage of the negative sentiment and slowly accumulate my favorite stocks over the course of the month leading up to Aug. 24th. Xmas comes early for investors in August; take advantage.

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