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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.56

-2.0%

4:00 PM EST

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To: pater tenebrarum who wrote (34233)	11/26/1999 11:09:00 AM
From: John Carson	Read Replies (1) of 99985

Heinz, CNBC just reported that U.S. dollar is down about 2.5 today versus the yen, about 1.01 yen/dollar, wages were up 1.3% in month of October instead of expected 0.6%, and bond is at 6.23%. With news like that, why is the market still going up? To me the drop in the dollar is a wake up call to the market, it is almost at par with the yen. If AG sees things deteriorating like this, what are the chances he will raise rates again at the next FOMC meeting?

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