InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 117.19

+30.4%

3:59 PM EST

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To: GlenS who wrote (6769)	6/4/1999 9:31:00 AM
From: option007	Read Replies (1) of 28311

JOBS DATA IS BULLISH - GROWTH +11,000 The market has over-discounted a hike in interest rates. Today's employment number puts a real dent into those that say rate hike is inevitable. Although hourly wages went up by .1% this by itself is not enough to push up interest rates. You have to look at overall picture: - Factory orders were down 1% - Construction took biggest plunge in 3 years 3% - Nonfarm payrolls weakest since 1996 - leading indicators were up just .1% - oil has plunged from $18.50 per barrel to $16.50 - gold has been dropping. - commodity prices are falling. - although NAPM came stronger jobs report says this sector is weak. Last month PPI came very weak and same will be this month. CPI will come in at .2% increase. The CPI jumped last month on two factors: - 30% jump in oil prices in 1 month. Since then oil has dropped. - spike in cigarette prices to pay lawsuits. No more increase in May. To obtain further confirmation that jobs report is positive the 30 year bond is stable and did not penetrate 6%. This means that it is a buying opportunity as more and more people will become convinced that there will be no hike on June 30. Hope this was helpful.

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