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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31368)	5/5/2000 10:45:00 AM
From: IQBAL LATIF	Read Replies (2) of 50167

Lower than expected employment number and on target hourly earnings helped the futures from a severe decline on the open, I would think that 3.9% unemployment lowest in 30 years will get Fed attention and they may tighten what is market expecting however I think that it would be sell the rumor buy the news kind of tightening, every thing negative is being built I have only one thing to add, in face of benign threats of inflation and global demand I am looking at a stock market that would soon bounce.. markets get badly mauled by deflations in times of affluence and higher earnings we do get set backs but these are close of gaps from where we do move up, in our case I would think that market would go higher from may be a re- test of lows before 16th but the overall profitability picture is emerging very strong..

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