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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Wally Mastroly who wrote (10106)11/27/1999 4:15:00 PM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
Wally: Re: " Can consumer demand remain strong & sales continue to rise at a similar rate as inventories? If not, the FED may get their slowdown in the first or second quarter of 2000....."

The race is on. Can we buy them faster than they stock them? A month or two ago, I thought the stockers had a better chance. Not anymore as the stock market and consumers have read yet another green light into the actions of the Green Man. Neither the bond market nor the stock market is discounting any slowdown at this point. Poor little Green Man. He wanted to go to a neutral bias this past meeting but he didn't want to tell anyone IMO so as to avoid a repeat of July's misread. But he could not because of the new open door policy at the Fed. So he did the next best thing which was to pull the discount rate hike out of the bag to throw some cold water on the markets. Naz was watching a different channel that day but the Green Man must take some solace in the apparent ceiling on the S & P. Yet underneath it all is a very hungry consumer. Walmart greeters please stand to the side or run the risk of eating shopping cart wheel cookies!!
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