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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Jack T. Pearson who wrote (31655)	10/28/1999 9:05:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

>>Looks like GDP is increasing about 5-6 times faster than wages. Is that good or bad?<< That would be good since productivity is growing faster than labor cost but I went to the site and started reading between the lines and the report shows inflation to me. Non residential growth doubled. Now I am really confused/befuddled. I thought a rally on good numbers was possible but these numbers don't look that good. Now I don't know what to do. Is this a head fake or for real?????????????????????????? The GDP and ECI are inline with raised estimates, the numbers between the lines don't look that great and unemployment is still dropping. Good Luck, Lee

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