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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (10365)	12/10/1999 6:47:00 AM
From: lrrp	Read Replies (1) \| Respond to of 15132

I have not been here before; but I had a question. It looks like the fed is really tightening now so as not to have inflation?(gosh, I wished I had paid attention in economics--instead of daydreaming about MaryLou or was that Many Jane???); not only the fed funds rate , but the money supply etc--What Im asking is: that if Christmas is a buying blow out or there is no nuclear war over in Russia and the Feds over react and tighten a few more times instead of just in march as 11 of 7 economists have predicted---- Then what happens to the ave p/e and those new age co like va linux or even amzn; that have not shown marked earnings growth , but plan to do so sometime before 2101 would this cause a hiccup or something more extreme? I know alot of people I talk to, tell me not to worry; they seem very complacent and are basing their future on what's in the market, not under the mattress!

To: Justa Werkenstiff who wrote (10365)	12/10/1999 8:58:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Nov. PPI as expected -core rate even slightly better than expected/EDITs: (Bond market, which has been flat this week, should like it. Stock markets should love it!!!!!!!!!!!). Beware a further meltup>>>> CNNFN summary: cnnfn.com - Bloomberg details: bloomberg.com - Some excerpts: >..U.S. producer prices outside of food and energy were unchanged in November, restrained by declines in light truck and computer costs..< >..The costs of materials used in the earlier stages of production rose last month. While oil companies are able to pass on higher crude oil costs by raising gasoline prices at the pump, other companies find it difficult. Higher oil prices have ''increased the overall inflation rate, and some of that will spill over into the overall economy,'' said Chicago Federal Reserve Bank President Michael Moskow in a speech Wednesday. ''But when you look at the overall inflation situation, you look at all the numbers together, I think you still have to say we have low inflation.'' That's because ''few manufacturers have been able to increase prices and only one in eight of the manufacturers polled anticipate being able to increase prices in the coming three months,'' said David Kresge, chief economist for Dun & Bradstreet Corp. in Murray Hill, New Jersey. Dun & Bradstreet's November survey of 1,000 manufacturers rose for a third straight month. For the year to date, the core index has risen at a 0.8 percent rate this year compared with a increase of 1.5 percent through November 1998. The overall producer price index has risen at a 2.9 percent annual rate compared with a decline of 0.6 percent for the first 11 months of 1998, the Labor Department said...<