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To: Rarebird who wrote (39444)8/23/1999 7:27:00 AM
From: Bobby Yellin  Read Replies (1) | Respond to of 116856
 
Interesting article.. thanks for posting url
very interesting was this "I consider this proof that productivity of the information-handling workforce, which now accounts for 59% of U.S. employment, has worsened, not improved."
ps spoke to a 13 year this weekend..she thought the internet was bad news..she said so many kids her age now spend more time on the net
and less time spending time with their friends..

ps I listened to the Peter Eliades interview on wallstreetuncut.com interesting



To: Rarebird who wrote (39444)8/24/1999 1:12:00 AM
From: Rarebird  Read Replies (2) | Respond to of 116856
 
Here's a guy that tells it like it is :


NEW YORK, Aug 23 (Reuters)

"...But despite the highs, some analysts pointed to the underlying weakness of the markets.
"In the past nine days, the Dow has gone from 10,500 to 11,100. And in this period, the advance/decline line was negative on five days and only on four, was it plus. The net positive is 283 advancers," said Ralph Bloch, the chief technical analyst at Raymond James and Associates in St. Petersburg, Fla.

"So the market has traveled 600 points with only 283 net advancers," Bloch said, referring to data through Friday. "That is so bad, I don't have an adjective to describe it. It is an absolute horror show."

On Tuesday, the Federal Reserve's policy-setting group, the Federal Open Market Committee, is expected to raise the key fed funds rate, the rate that banks charge each other for overnight loans, by 25 basis points or a quarter percentage point.
"The tight labor market, the rising trade gap, the weaker dollar and persistent spending strength all suggest that the Fed will tighten by 25 basis points at tomorrow's FOMC meeting," Nesbitt Burns economists told its investors in a report called "A Yen for Mr. Greenspan's Thoughts."