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To: Wally Mastroly who wrote (8338)9/2/1999 4:00:00 PM
From: Wally Mastroly  Respond to of 15132
 
If these volume numbers are right, looks like the long weekend started already (like about noon today?):

quote.yahoo.com



To: Wally Mastroly who wrote (8338)9/2/1999 8:53:00 PM
From: marc ultra  Read Replies (2) | Respond to of 15132
 
Seems like when we desperately need moderation to quell bubbling concerns about inflation and to keep the Fed from tightening in October looks like just about every piece of data argues to the Fed we have unsustainable strength and the arguments that productivity etc. are still enough to quell concern seem to be weakening with each data release.

quote.bloomberg.com

I am concerned we may be getting into a glide path where if we wake up Tuesday morning with the dollar weak and the Friday data was not great we could be headed for an accelerated downturn on heavier volume when all the traders are back to work. I have to wonder if current conditions are stable enough that if Bob happens to issue a sell in the 9/7 newsletter we may find considerable damage has already been done by the time people have a chance to read it and react. Bob has understandably found an electronic or overnite alert to be impractical but will the markets cooperate timing wise, if a bear signal is issued will it be early enough to prove prescient? Will there be any more tests of the area of the highs if a sell signal is given or will it be a matter of getting out before we fall too much?

Marc