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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks

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To: Jack Hartmann who wrote ()5/6/2000 10:58:00 AM
From: Jack Hartmann  Read Replies (1) of 6927
 
Portfolio up 2.06%, Nasdaq up 2.60%, Dow up 1.59%, S&P 500 up 1.65%, Gilder up 1.6%, Meisler up 3.0%
NYSE Volume: 800 mln...Adv: 1665...Dec: 1239
Nasdaq Volume: 1.19 bln...Adv: 2268...Dec: 1679
Very low volume for the new year. Everyone waiting until the 16th. So much money on the side. Ideally, the market gets a 50 point basis raise and comments from Greenspan that no further increases are foreseen. Good luck, I feel Greenspan is a gradualist.
Unemployment rate fell to 3.9% lowest in 30 years. I remember in the 1970"s unemployment below 55 was considered ideal. I went to a factory on Friday. They just lost some key workers jumping to another company. Wages increases to keep people will have to increase since 401Ks are portable. In a macrto view, this jump to better job forces people to provide medical and other incentives for employee retention. My company has going to telecommuting, tripled the performance pay pool, and expanded flexible leave.
BRCD up 15.31%. No news. Most predicted high PE of 1800 would cause people to flee it Friday.
CREE up 8.37%. Same boat as BRCD.
Barron's has negative CSCO article. Will see how that fares Monday.
Jack
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