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To: MrGreenJeans who wrote (7240)	7/28/1999 4:55:00 PM
From: Wally Mastroly	Respond to of 15132

Re: Thursday's Economic Reports - some expected results: biz.yahoo.com

To: MrGreenJeans who wrote (7240)	7/28/1999 5:11:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

MrGreenJeans, wow, watching for the Thursday afternoon M2 jogged some old synapses somewhere. At this point I think I'm beginning to wish for disturbingly strong data with the market shaking it off and rallying up with continued poor technical action on the way to the area of the July 16th highs. If we're going to have an inflexion point let's bring it on and get it over with. I just figured out I'm going to have some fat quarterly tax payments due to my profit taking and and trading some to put myself in position should a bear call come. I guess if we get some weak numbers tomorrow with yields dropping and a strong rally that powers through to new highs we may continue this bull but I don't know if I'm anxious to participate if we reach 30X P/E on the S&P. Marc