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To: marginmike who wrote (45009)10/15/1999 8:31:00 PM
From: 16yearcycle  Read Replies (1) | Respond to of 152472
 
Hi Mike,

Guess who said this:

''If we avoid fear-induced, significant economic responses in the months ahead, the Century Date Change will hopefully replicate the saga of 'the dog that did not bark,'''

Hmmm, this same gentleman, Greenspan, just last night spooked the market and it's not even halloween yet. I think it is amazing he used these words today, while he is clearly attempting to emotionally manipulate the market. And he has set up the market for a rate rise 6 weeks before year end!!

I like your 2600 nas and 9700 dow figures. It's realistic, and not much farther. More would be silly, but anything can happen. We will also get a ruling on msft between now and year end. Lots to worry about.



To: marginmike who wrote (45009)10/16/1999 1:10:00 AM
From: Jim Willie CB  Respond to of 152472
 
MMike, you may be right on rolling corrections, but almost done
certainly right about flight to quality TBonds

however, given the inflationary scare of PPI this morning, I would have expected long bond yield to work its way up above 6.4%

instead, perhaps after scrutiny of the numbers, inflation conclusion was not embraced

people dont jump into bonds when inflationary evidence crops up... they go to the sidelines -- CASH

when Asian Meltdown occurred, it whipped fear in our hearts... that led to flight into quality TBonds... inflation was not evident

on inflation, give me a break... the core PPI was flat when you exclude tobacco and automobiles... I dont smoke and I aint buying no car... my inflation is flat... 95% of my friends dont smoke, nor plan on buying a car

you and I have something in common... we are "coal miner canaries"... yours appears here... mine appears bitching at VP's

we shall see
/ Jim