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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Jorj X Mckie who wrote (35572)	12/21/1999 12:38:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

>>, what does the fed see that would cause the current course of action?<< Venezuelan mud slides and non compliant systems for Y2K maybe. Venezuela is a major oil producer. Couple their problems with Iran's potential Y2K problems. I have seen it mentioned that the US is not a buyer of oil from Iran but if countries that are fed by Iran are cut off, they will have to pull from other countries that do feed the US and the shortage will spike prices higher. The only way to mask this even higher spike in Oil would be an emergency CPI/PPI formula shuffle to completely eliminate oil, plastic, rubber etc from the calculations.<ggg> If Asia has problems, how could ToysRus honor all those Rainchecks after X-mas with imports shut down? Just a few musings as I watch the DOW 11100 level being defended prior to the Fed announcement. Market looks sick, only afew stocks up over 100% today and the others NASDAQ darlings are only up 25%. I hate these slow mover days. <gggg> Good Luck, Lee

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