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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 (7490)	8/5/1999 11:24:00 AM
From: Hank Stamper	Read Replies (2) \| Respond to of 15132

Current levels: DJIA 10648 == not quite 6% off highs S&P 500 == not quite 9% off highs NASDAQ == 13% off. ------------ By my reckoning, this currently still qualifies as an anemic correction. We'll see from here. Question: Is anyone (marc?) considering committing some portion of free cash to qqq or spdrs at these levels? Ciao, David Todtman

To: Wally Mastroly who wrote (7490)	8/5/1999 11:34:00 AM
From: marc ultra	Read Replies (1) \| Respond to of 15132

Wally re"Productivity growth slows...& Labor costs higher than expected...." Sounds awful considering where we are at the moment Marc

To: Wally Mastroly who wrote (7490)	8/5/1999 11:58:00 AM
From: Justa Werkenstiff	Respond to of 15132

Wally: Re: "Productivity growth slows...& Labor costs higher than expected...." The market does not care all that much today. Justa is starting to smell a bottom here short term. The past few days we had the futures opening strong and selling throughout the day off the highs for that day. Today, there was no pretense about the selling. Bang -- right out of the box we went down and we are starting to see some recovery now. The big boys were selling today and they were selling the big caps off. Intc fell through $70. AMAT was hit hard. All the stalwarts were taken down. Usually in a correction, the leaders are the last to go. The nets have been and continue to be the wild card.