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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (18658)	6/28/1999 9:21:00 AM
From: HairBall	Respond to of 99985

Benkea: I believe the numbers are adding up, no doubt about a single hike...most likely two. I believe the bond market has already priced in two hikes. Greenspan does not want a Market Crash...if so this time will impact the economy much more than 87. There are just way to many JQP fingers in the pie...IRAs, 401Ks and in general the public has embraced the Market more than ever before. The retirement funds, inheritance, savings, home equity and even some credit card debt is in the equity market.... Regards, LG

To: Benkea who wrote (18658)	6/28/1999 9:26:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 99985

One reason the consumer spent more is because he perceives, through inflation worry talk, that prices might be rising. Therefore, they rationalize to themselves, buy it now while its cheaper, enjoy it now when its within reach. If the Fed were to make a bold statement that prices are going down across the board on imports and products produced in the US, you can be sure a percentage of consumers would hold off and save their money for tommorrow's good deals.