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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: accountclosed who wrote (30067)4/3/1999 9:50:00 AM
From: J. P.  Read Replies (1) of 86076
 
RE: Employment report

Is there any way that Friday's employment report could have been 'bad'?

They came in 'low' so this is good, means the economy is cooling, less need for fed raising of interest rates. Now, if they came in 'high', this would have been good too, meaning we have a strong economy, and are zipping right along.

Also, CNN Moneyline last night was in tribute to this bull market "which might never end". It featured 2 economists, one a former fed governer, now chief economist at Bear Stearns (sorry forgot his name) who declared the "business cycle dead". They both allowed this bull market can go on forever.

I am not kidding!
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