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To: Tunica Albuginea who wrote (487)9/10/1999 12:33:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 4187
 
TA:The PPI came in this morning and it looks good, no indication of high inflation at least from the Producers' side.

...'Producer prices rose 0.5 percent in August from July, greater than analysts' expectations of a 0.3 percent jump. Yet excluding highly volatile food and energy prices it dropped 0.1 percent, compared to forecasts of a 0.1 percent increase....' (Source:Bloomberg)

I saw that news from Merrill, couldn't hurt.

biz.yahoo.com



To: Tunica Albuginea who wrote (487)9/10/1999 3:18:00 PM
From: Robert Rose  Respond to of 4187
 
<Is it the top, with a clear Market & Internet Bubble Top plus the last bear ( Merrill ) throwing in the towel and turning into a bull ( a
classical sign of a top ), or, or,

Do we still have room?>

Given that the inet indexes are still way off their April highs, (the dot, for instance, is still 20% below its peak of 800) it is hard to imagine this being a top. Looks like we have another week of a bull run until the CPI come out. But even if those numbers are mediocre, it seems the market is wanting to downplay the bad and play up the good. After all, today's PPI was mixed, but look at the market run! This market wants to romp and the inets are leading the party. Rock on!!