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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: stock bull who wrote (141626)	9/8/1999 4:46:00 PM
From: jhg_in_kc	Read Replies (3) \| Respond to of 176387

ANOTHER FED STOOGE SPEWS HIS VENOM. THE INTIMIDATION CONTINUES.<Fed Governor Laurence Meyer said Wednesday the tight U.S. jobs market may fuel inflation but left it open whether he thought the central bank should raise interest rates soon to counter that threat. Addressing the National Association for Business Economics, Meyer credited rising levels of U.S. productivity for having helped to keep price pressures in check even in the eighth year of an unbroken expansion. But he warned the economic outlook was so uncertain that the Fed's next moves would depend on whatever economic data it will get its hands on. ''As the favorable price shocks dissipate or reverse and once trend productivity growth stabilizes, there is a risk that excess demand in the labor market will put the economy on a path of rising inflation, unless growth slows enough to unwind the excess demand before inflation begins to move upward,'' Meyer said. Meyer -- -- widely seen as the most conservative member of the Fed's top brass -- added it was his ''major concern'' that inflation could tick up ''even if growth slows to trend ahead''. Financial markets took his comments as increasing the likelihood of yet another increase in interest rates when Fed policymakers meet on Oct. 5. U.S. stock prices fell, and inflation-sensitive bond prices reversed some earlier gains

To: stock bull who wrote (141626)	9/8/1999 4:52:00 PM
From: TRCM	Respond to of 176387

stock bull - <<<hate to see Dell drop much further>>> I have to agree with you about the profit taking in the Nas today, but I guess it should be expected with inflation fears lingering and Friday's huge gains...I think the market wants to trade sideways until inflation data is out of the way...Friday we get PPI, CPI isn't released until next Wednesday...I hope benign data on Friday will be enough to get the market back on track, but many may wait until after next week's CPI data...DELL should find support in and around these levels, but we will need some really soft economic numbers, or positive tech related news to see the push for 50.