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To: Susan G who wrote (1662)6/11/1999 8:51:00 AM
From: Blue Snowshoe  Respond to of 7442
 
Good morning, PPI numbers were ho-hum. That the numbers were in line is a good thing. Before they go raising rates they better take a hard look. There are signs of some slowing if you look at the big picture so this is no news. If you look at things like I do, no news is good news.
The market has already priced in 1/4 point which I'm still not sure will happen. The CPI may tell us more but I'm not betting on it. Once the world economies are stronger I'd worry about the U.S. markets, not yet. As for the market creating a wealth effect, this is only true with MORONS. A smart person knows he has no profits until he sells and a smart person doesn't spend what he doesn't have.
People who are not smart enough to know that should not be in the market.
I say ROCK ON, 909S2ALL BLUE