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To: Hank Stamper who wrote (7958)8/21/1999 11:45:00 PM
From: JF Quinnelly  Respond to of 15132
 
Raising US rates should make the dollar more promising for foreign investors.. unless they're convinced that they will get a better return in their home markets anyway. Some of the battered economies may be turning up. It could be that the virtuous cycle is about to turn and the Fed will be left with no good options. BWDIK.



To: Hank Stamper who wrote (7958)8/22/1999 11:37:00 AM
From: Lars  Read Replies (1) | Respond to of 15132
 
*** Market article ***

contraryinvestor.com

Interesting excerpt:

"We hate to make too much of the last few days of trading activity as expiration weeks always seem screwy. We will reiterate that the next few weeks should prove a bit crucial in determining the future direction of the market for the year.  Breadth is sloppy.   The currency, credit and derivatives markets are sending out ominous signals, and trading volume has been light.  As we move closer and closer to Y2K, we expect the media to ramp up the paranoia factor a bit.  Just how many of Main Street America's investors will be willing to roll over the millennium fully invested?  In a world where the U.S. financial markets comprise an approximate $15 trillion value, if even 5% cash were raised we could potentially be talking about $750 billion in securities for sale between now and year end.  Do you think that would put a bit of a damper on Wall Street's unanimously heavy consensus of a year end rally?  More importantly, just who would be the buyer?  For this market's sake, Wall Street better start the "stay fully invested" hype right now."