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To: SJS who wrote (8876)6/10/1999 1:02:00 PM
From: drsvelte  Respond to of 14427
 
"Watch the tension build on the market this afternoon, as people really square-up positions before tomorrow, and the PPI at 8:30."

Yes, I was surprised the market has held up as well as it has. However, the VIX is now at an intrday high and the SOX is now starting to fade and I suspect that the COMPQ will begin to slide.

I guess I'm ready. Holding a few IPO's, a few drillers, and INTC and PRGN. Sold AMAT this morning. Let'er rip, the powder is dry!! Or as LT would say: Let's Rumble!



To: SJS who wrote (8876)6/10/1999 1:03:00 PM
From: The Ox  Respond to of 14427
 
Thanks for the note on DSP, it's slipped off my watch list and I'll toss it back on.



To: SJS who wrote (8876)6/10/1999 1:08:00 PM
From: drsvelte  Read Replies (1) | Respond to of 14427
 
More Fed hawk-talk:

Fed Gov Ferguson started to blast economy on inflation. Here are some excerpts from CBS Marketwatch.

FERGUSON: MANY ECONOMISTS UNDERESTIMATED STRENGTH OF U.S. DOMESTIC DEMAND--REUTERS.

FERGUSON: US HAS ALREADY SEEN SHARP REBOUND IN OIL PRICES, RISE IN HEALTH COSTS--REUTERS.

FERGUSON: SPECIAL FACTORS LIMITING PRICES SO FAR, BUT FACTORS ARE DISAPPEARING--REUTERS.

FERGUSON: FED 'PREPARED TO ACT PROMPTLY' IF US INFLATION PRESSURES BUILD--REUTERS.