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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (5586)6/4/1999 9:21:00 PM
From: Investor2  Read Replies (1) of 15132
 
Thanks for the link. I found a couple of things interesting. First, "08:30 APRIL PAYROLLS REVISED TO 343,000 FROM 234,000 PREVIOUSLY." That seems like quite a large jump; the payroll number was actually much stronger than was reported a month ago.

Second, "08:30 MAY UNEMPLOYMENT RATE FALLS TO 29-YEAR LOW 4.2%." How low can it go without causing inflation? Do I hear 4%?? 3.5%? 3%?

On another subject, did you notice the interest rates today?

quote.yahoo.com^TYX&d=1ym

The 30 year T-bond is yielding just a shade under 6% -- the highest in more than a year. That's 125 basis points above the October lows. It always amazes me how people can forget about interest rates when stocks have just gone through such a huge bull run. I've seen that before. Was it in 1973?

Best wishes,

I2
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