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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: David Smith who wrote (74264)	12/4/1999 2:43:00 PM
From: kendall harmon	Respond to of 120523

Interest Rates--Fed Governor Kelley in this weekend Barron's: <<It's not that Kelley hopes to put coal in Main Street's -- and Wall Street's -- stocking just four days ahead of Christmas. But he made it abundantly clear that despite tentative signs of slowing, growth remains "very strong" and that the potential for tight labor markets to boost inflation remains a major concern at the Fed Board. "Everything I see, on balance, tells me there's still a lot of momentum present in the economy," he said. It hasn't escaped the Fed that "we may be getting a little slowing" in some interest-rate-sensitive sectors of the economy, Kelley noted. Housing, for example, "seems fairly clearly to have topped out," while automobile sales may be plateauing. But, he qualified, "basically the beat goes on and things are still strong." Investment is booming, while the so-called "wealth effect" from the surging stock market continues to fuel consumer confidence to "very, very high" levels. Meanwhile, anecdotal reports indicate the Christmas shopping season started with a bang. "We officially have a balanced directive ... but there is no question that if the economy continues to go the way it has been going, that will certainly throw the risks to the upside.">>