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Politics : Idea Of The Day

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To: ckern who wrote (31302)4/26/2000 3:27:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
I am little concerned over ECI and have taken adequate pretection in case I am surprised, if you look at hourly earnings growth amd imported price increases we can see a upside increase in ECI, however MSFT 75 calls for July and AMD July 90's are not a bad call in case if we have strong upside opening.. durable goods order in context of strong manufacturing in my opinion is in line. I don't see that gap between cap utilisation and industrial production closing it is still wide as such from the lows of ASEAN crisis the recent surge in manufacturing or durable goods is satisfactory as far as wage pressures do not rise, it is wage that constitutes 70% 0f inflationary pressures and after strong CPI this market cannot afford a strong ECI too lets hope for the good of market to see a benign number.. so for me little protection is well advised but with a long short strategy where oversold issues are covered properly in case of rally.. I am out for dinner and will hope to see this thread in them orning when my posts will be inconsequential to the numbers..
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