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To: John Pitera who wrote (73682)	11/4/1999 3:33:00 PM
From: bill meehan	Read Replies (3) \| Respond to of 86076

John, I agree that the number may be very large. Told clients this morning, "Even a very strong employment report is likely to be brushed aside, as economists will point out a 3-month average that will probably be below trend." Any pullback on the release of the report is unlikely to amount to much--nothing more than a working off of the overbought condition. There are simply too many folks hoping for a decent pullback to get long. European investors should be shoveling money into the US with the Euro again looking terminal. I don't know where John Berry gets his input, but I would gladly take the other side of that trade, as a rate hike on the 16th is almost a certainty IMHO. Hate to use the phrase, but buying any dip is likely to work into early spring.