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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Les H who wrote (73598)11/4/1999 12:05:00 PM
From: Ken98  Read Replies (1) of 86076
 
Les, what is your take on the employment number? The expectation has been raised so high that it will certainly be "less than expected" or, at a minimum, "in line with expectations."

If it is less than expectations, can this fact when combined with decline in retail sales, today's increase in unemployment claims, Fed Beige Book report, and other recent factors, support the argument that we are in fact slowing? I am beginning to agree with Haim more and more on this theory - and it is the last thing the market is looking for right now and no one has it dialed into their models. I am inclined to think that the reaction (after perhaps a knee-jerk rise) to a "below expectations" number in the morning will be a sell off. BWDIK
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