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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (60535)9/4/1999 10:33:00 AM
From: bill meehan  Read Replies (3) of 86076
 
I thought the response to the employment report was just about as expected (although unwarranted, IMO). The only minor surprise was that I thought we'd be a bit stronger early with a modest tail-off into the close. I think we'll see some follow-through on Tuesday, but nothing has really changed. Although I wouldn't be surprised if the Japanese intervene over the long weekend. Anyone that thinks Friday's data indicates the economy is slowing is sorely mistaken. Unless all the data between now and 10/5 is much slower than we've recently seen (unlikely, IMO), the Fed will raise rates on the 5th.
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