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Technology Stocks : Dell Technologies Inc.

DELL 140.77

+1.4%

3:59 PM EST

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To: jim kelley who wrote (113840)	4/1/1999 11:20:00 AM
From: Lee	Read Replies (1) of 176387

Hi Jim,..Re:. It looks like the bears are back touting the "early signs of inflation" schtick citing oil prices and tight labor force issues. Hi Jim, we've had a tight labor market for over a year now but little sign that wage pressures are affecting output prices or corporate margins. Also, according to the Fed, isolated instances of higher oil prices do not indicate any systemic change in the inflation picture. When I look at the Cu chart, Ag chart and grains and sugar charts in IBD, it's a pretty sad picture for the producers. As what's generally behind everything, we have PLENTY of SUPPY and small or no demand. Can't see things changing that quickly since economic recoveries take months and months. Some illuminating charts. stls.frb.org stls.frb.org Regards, Lee

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