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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (28763)	10/8/1999 8:47:00 AM
From: dennis michael patterson	Respond to of 99985

I don't think there will be a headfake in equities. The futures are now banging around with the bond pits. The numbers are good. The market will not take a big dive. Remember, we are at a cycle low TODAY!! If the market were to open down, I would buy it. Now I HAVE to jet!

To: Benkea who wrote (28763)	10/8/1999 8:52:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

"There's some uncertainty about the impact of Hurricane Floyd. The hurricane is expected to depress hours worked during the month, but some analysts think it could also depress payrolls and say it might even boost earnings if the disruptions had a bigger impact on lower-paid workers. Analysts say the clear danger points for the bond market would be another decline in the jobless rate, which would put it at a fresh cycle low, or a bigger-than-expected rise in earnings. Both would be seen as evidence of still tighter labor market conditions, and as such would add to the case for a Fed rate hike in November." Bond market closes at 2 pm till Tuesday.