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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Les H who wrote (56994)	7/21/2000 8:09:33 PM
From: Les H	Read Replies (2) of 99985

BLS Adding Bonus Payments to ECI; Unsure of Impact bondsonline.com IMO since most bonus' are paid out at end of year or start of year, this would tend to bias sequential growth of 2nd quarter down from the 1st. YoY from last year's 2nd quarter would be unclear.

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