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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (18309)	5/8/1998 9:18:00 AM
From: IQBAL LATIF	Read Replies (3) of 50167

Analysis of the numbers-- The equity bears and big time economist will come out and spill a lot of ink on what is since 1970 lowest unemployment number at 4.3%, I think it will be revised upwards anyway next month - it is a big drop but hourly earnings came exactly as expected. 4 cents higher was expected by the market, now if I look at CPI on 12 months we have 1.4% increase the economy is doing fine this classic text book situation what in my last night pre number post I called situation 1. I doubt selling pressure can be maintained I would thin that we will have a lot of stories but good economic growth with expected increase in hourly earnings and if you add three months ECI number on top of your analysis with 12 months CPI I just don't think that futures selling will be matched by cash. I would see bond hovering between 5.99 to 5.96% and market will rally even after a test of 1092 or 1818 on composite--- my trade I go long if 1842 is taken with SOX at 312 or go long at 1822 composite or SPM 1094 after a first dip to 1818- SPM 1090 is held. My stop loss will be to close out my longs if we are closing below 1092. I will leg out my puts at around 1090 level or 1105 break.

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