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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (27167)	6/23/1999 8:38:00 PM
From: Mark Fowler	Read Replies (2) \| Respond to of 50167

Ike thank you-- that's what i since too right now I thought the IIX performed well today and the telecom's,Semi's,computers,software stocks have broken out nicely and seem to have taken leadership again this could be set up for a nice summer rally on them...

To: IQBAL LATIF who wrote (27167)	6/24/1999 3:07:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

MARKETS AT MIDDAY:Dow Jones Industrial Average: 10,666, down 0.5% Nasdaq Composite Index: 2575, down 0.2%S&P 500: 1330, down 0.5% --------------------------------------------------------------------------- Waiting for GreenspanBy Michele Rosen The major indexes were all down as of midday, as the yield on the 30-year Treasury bond resumed its climb. Investors have had little news to hang their hats on this week, so inflation and interest rate fears have once again taken center stage. As a result, the T-bond yield is back up to 6.115%, within striking range of its recent ceiling of 6.135%. The stock market has returned to the pattern it was stuck in before the release of the Consumer Price Index and Federal Reserve Chairman Alan Greenspan's mild remarks to Congress last week--higher bond yields, low volume and lower stock prices. The pattern is likely to hold until Tuesday or Wednesday, when the Fed announces it plans for interest rates. A 25 basis point hike has already been baked into stock prices, but analysts now worry that the Fed could raise interest rates by 50 basis points, or could indicate that a series of rate hikes are in the works. Either move could send stocks lower, at least until earnings season begins in earnest.