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To: Terry Whitman who wrote (72579)10/28/1999 8:36:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
Terry, didn't you hear? easy Al is in the new era camp now...we're going higher.



To: Terry Whitman who wrote (72579)10/28/1999 8:42:00 PM
From: Ken98  Read Replies (3) | Respond to of 86076
 
<<I am not certain he wants to be known in the history books as the man who allowed the final blow off.>>

You could not tell that based on his speech tonight - he just put the peddle to the metal. And I hope that the history books fully document that the blood is all over his hands when it does implode. He has gone to extraordinary lengths to not only keep from popping the bubble, but to INFLATE it even further.

I attribute this to 3 things. First, the 3d interest rate cut and the timing of it last Fall, which has yet to be taken back. Second, the "neutral bias" announcement after the first rate hike. Third, this speech tonight which can be interpreted as nothing other than a green light to the stock speculators to have an orgy and the government cooks to turn up the burners.

Terry, I do not mean to unwind on you, I am just venting. <g>

Regards, Ken.



To: Terry Whitman who wrote (72579)10/28/1999 9:58:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 86076
 
Terry, October/November are just before the winter in the most industrialized nations and usually oil is at it's peak pricing until February.

A softening of crude prices from their former level to average historic levels indicates to me that the demand in the industrialized nations is not as strong as before. Less transportation, manufacturing etc.

Also retail sales are soft and retail stocks are in a bear market price cut in half for most retailers.

The big tech stock indicated soft sales ahead (IBM, HWP, XRX) and also consumer goods G, KO, MYG etc.

Real Estate market is less soften also evidenced in the ECI comision section.

As to AG he flies with the political wind and IMHO he does not wen to quit - retire. I think he is starting to be senile. As to his board they do not know were to go or how to handle the whole financial situation therefore the mixed signals.

BWDIK
Haim