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Pastimes : All Clowns Must Be Destroyed
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To: pater tenebrarum who wrote (31518)5/5/2000 5:36:00 PM
From: AllansAlias  Read Replies (2) of 42523
 
A pathetic as it is for bears to be pawing the 'puter on a Friday night, I can not go out just yet. I have been reading the press, the popular business press, since the close.

For those of you who only scan the headlines to get a feel for things we have Headlines from Reuters as distributed to Yahoo!:

 Stocks Up Amid Confidence About Fed Move
 Strong Economy Has Jobless Rate Tumbling
 Cisco to Buy ArrowPoint for $6 Billion
 Dealers See 50 Basis Points May Fed Hike

See anything just a little queer there?

Monty. I'll take door number four please.

--Allan

----------------
Here is door number one (and I am not reformatting it 'cause SI sucks):

Stocks Up Amid Confidence About Fed Move

NEW YORK (Reuters) - Stocks rallied on Friday, as Wall Street celebrated what it
deemed the end of uncertainty rather than commiserating over an economy that
is so hot, it just begs for aggressive action from the Federal Reserve.

Traders and analysts said they expect the central bank to hike borrowing costs by 50 basis points on May 16, instead of a more conservative 25 basis points,
after news that the U.S. unemployment rate fell to a 30-year low.
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