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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01
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To: IsaacF1 who wrote (1420)5/11/1998 8:18:00 AM
From: IsaacF1  Read Replies (1) of 13094
 
Thread:

In reaction to the fed's report:

From "Streeet Life":

"EMPLOYMENT FIGURES.... An awesome report on Friday,
baby!!! Awesome!!! Usually, I just hate it when
drivelly economic news dominates the markets. But this
was actually important! And cool!!! The unemployment
rate came in at 4.3%! Lowest level in 28 years! (1970!
Hey, I was playin' kickball. Or smokin' something. Or
something!) That is low! Sucker was over 5% a year ago!
So you might have thought that this GOOD news would
have been seen negatively, since it indicates the
economy is in cruise mode--ergo, the Fed would be
inclined to RAISE RATES. Instead, STOCKS SOARED. (Hey,
that's why they have the trading days!) In other
economic news: Ms. Flip Flop, or Alice (doesn't live
here anymore) Rivlin, NOW says that the Fed may NOT
need to raise rates. Hey, whatever you say gal!!!
Listen, I think the Fed IS going to pull up the nose of
this airplane some 25 basis points. Be a good thing!!!
Stretch this sucker out!"

Also of note:

More computer software game companies in the news:

Electronic Arts was upgraded, and
climbed $3 to $48. Compuware was also up $3, to $46.

Looks like a marketwide trend everyone.

IsaacF1
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