Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (66009)	5/11/2000 9:14:00 AM
From: ItsAllCyclical	Read Replies (2) of 95453

Retail sales fall for the first time in 2 years... cnnfn.com NEW YORK (CNNfn) - Lower-than-expected retail sales helped boost U.S. stock futures early Thursday as they raised hopes that the economy may be cooling enough to reduce the pressure for further aggressive interest-rate increases by the Federal Reserve. A report early Thursday showed retail sales fell 0.2 percent in April, the government reported Thursday, compared with Wall Street forecasts for a 0.5 percent increase. The decrease was the first decline in nearly two years. Separately, import prices fell 1.6 percent in April. -------------------------------------------- Can the Fed go too far too fast? Yes. This should not only help us today, but it reduces the likelyhood of a nasty selloff going into the weekend. I may get more aggressive soon buying selective techs and oil stocks on margin.

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