Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (29874)	12/1/1999 10:15:00 AM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

FON.. look at this stock//

To: IQBAL LATIF who wrote (29874)	12/1/1999 2:11:00 PM
From: Lee	Read Replies (2) \| Respond to of 50167

Hi Ike,..Re:.unemployment number hourly earnings on Friday will be keenly watched. By Mr. Meyer especially, I expect! <g> ____________________________________________________________________ Meyer Comments Fed Governor Meyer, in a speech last night, said the U.S. central bank must raise rates once unemployment falls below a rate at which inflation picks up. ''In my judgment, we are already in a range in which such a normal response to further declines in the unemployment rate is warranted,'' he said. The Fed already raised its target for overnight bank lending in three-quarter point moves since June. In its last action Nov. 16, the Fed boosted the rate to 5.5 percent. ''Clearly with the stuff Meyer talked about, you have to see where we are in terms of the jobless rate and hourly earnings,'' said Mitch Stapley, who invests $3 billion in fixed-income at Kent Funds in Grand Rapids, Michigan. ''The near-term direction of the bond market will be predicated on the strength of those two indicators,'' he said quote.bloomberg.com _____________________________________________________________________ I read his speech and it was interesting. Apparently he still likes the 5-5.25% NAIRU and we are significantly below that! <g> bog.frb.fed.us I expect another rate hike in Feb. but in the meantime thought that the bond market might have a reprieve via some 'safety parking' of funds to get through any possible foreign Y2K snags. Do you anticipate any buying in U.S. treasuries for parking money temporarily because of Y2K? Best regards, Lee

To: IQBAL LATIF who wrote (29874)	12/2/1999 6:09:00 AM
From: JDinBaltimore	Read Replies (1) \| Respond to of 50167

Hello Ike, Those tight ranges made for a couple nice little trades yesterday. I watch that premium indicator for the s&p mini it's pretty facinating each time the indexes reached you're resistance of 1402 area the prem indicator would spike up like we were going through, then immediatly drop wery low indicating a lot of selling pressure. there is this site allstocks.com that gives "Fair Value" each day, and another, programtrading.com that gives their price levels for program trading based on Fair Value. When these levels are hit you see the premium drop instantly. It's amazing to watch, they seem to be engaging right at you're levels. The nice thing about the premium indicator is that once a level is penetrated you can watch premium to see how far penetration will go before deteriation. That resistance at 1402 SPZ seems tough? Warmest Regards John

To: IQBAL LATIF who wrote (29874)	12/3/1999 7:17:00 AM
From: Lee	Respond to of 50167

Morning Ike,..Re:.unemployment number hourly earnings on Friday will be keenly watched. You have zeroed in on the important part of the jobs report this morning. The overall jobs number may be hindered because of the shrinking 'pool of available workers' so many are worrying that the outcome of this situation is an acceleration of earnings. From the Fed announcement after the Nov. 16 FOMC. bog.frb.fed.us As a consequence, the pool of available workers willing to take jobs has been drawn down further in recent months, a trend that must eventually be contained if inflationary imbalances are to remain in check and economic expansion continue. _____________________________________________________________________ From the estimable Mr. Padhina of thestreet.com thestreet.com It says that "weak" payroll numbers are a product not of a demand shortfall (not while employers are screaming that they can't find enough qualified help, and not while leading employment indicators suggest that, if anything, demand is getting stronger), but rather of a worker shortage -- the shrinking "pool of available workers willing to take jobs" that central bankers keep mentioning. This introduces an interesting possibility going into the November employment numbers to be released Friday: The payroll print won't matter. The better forecasters out there reckon that average hourly earnings will post a 0.4% increase and that the unemployment rate will drop a tenth to 4%. Blood's likely to spill if they're right; it'll rain champagne if they're not. _____________________________________________________________________ Actual numbers from the BLS. stats.bls.gov Table A-8. Range of alternative measures of labor underutilization U5 & U6 Data 146.142.4.24 ______________________________________________________________________ Best, Lee