MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: donald sew who wrote (5530)	2/5/1999 7:23:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 99985

Donald after the treasury auction the market will rally. Interest rates are to high (e.g. treasury yields) for the ongoing inflation. Employment report was OK and wage inflation was relatively low, 3.3% for such low unemployment of 4.4%. The 401K accounts are growing by same amount and assuming that more go in the market each month in addition to the old contribution to 401K and pension funds the inflow is staggering. BWDIK Haim

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