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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (7403)	8/3/1999 9:55:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Wally: Re: ""The markets are searching for the definitive piece of data that will signal the Fed's action on Aug. 24," said David Orr, chief economist at First Union." Tell David to wake up. The market is currently of the opinion that at least one rate hike is a lock. The only issue currently is the date. However, further data can change this consensus opinion. Re: "The July NAPM survey is not it." Duh. Anyone who thought it might be going into the release has not been paying attention. Re: "The mixed signals will keep both the Fed and the markets in limbo..." Now here he has a point. Stock market is currently digesting earnings and a rate hike.