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Strategies & Market Trends : Roger's 1997 Short Picks
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To: ItsAllCyclical who wrote (6629)11/8/1997 10:48:00 AM
From: Alec Epting  Read Replies (1) of 9285
 
I see the market going down Monday. The .5% payroll increase is 6% annualized, higher than the inflation rate. It was not fully taken into account Friday. I believe the payroll increase will either cut into profits or cause inflation if the Fed doesn't raise interest rates first. The turmoil in Asia is also spreading to South America.
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