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To: Les H who wrote (37807)	1/23/2000 2:28:00 AM
From: Cathedra	Read Replies (1) \| Respond to of 99985

A humorous article. "Your lips say no, but your printing press says yes!" Saturday January 22, 11:09 pm Eastern Time Greenspan anxious over U.S. imports - Japan Finmin TOKYO, Jan 23 (Reuters) - Japanese Finance Minister Kiichi Miyazawa said on Sunday Federal Reserve Board Chairman Alan Greenspan told him the surge in U.S. imports could not last forever. With new wealth provided by the U.S. stock market, money was not being made from producing goods and services and so had no outlet but through imports, Miyazawa quoted Greenspan as saying in a weekend meeting during a gathering of finance ministers and central bankers of the Group of Seven nations. ``At this point what's troubling him is that the money is going into imports, and this may be good for the people of the world but for the American economy this cannot continue for long,' Miyazawa said, speaking on a television talk show. Miyazawa said he told Greenspan that he believed the U.S. stock market rise was a bubble and an adjustment was inevitable. ``I asked Greenspan if he had given a warning signal to the market so that people later could not criticise him for doing nothing, and Greenspan just laughed,' Miyazawa said. Despite Greenspan's frequent flagging of a red light against excessive rises in stock prices, the market had taken his recent comments as a green light, Miyazawa said.

To: Les H who wrote (37807)	1/23/2000 9:01:00 AM
From: Les H	Read Replies (2) \| Respond to of 99985

Advance/Decline and Moving Average Relationships By Sector: Jan 21, 2000 percent stocks advance percent stocks over MA sector 5 d 21 d 63 d 250d 10 d 21 d 50 d 200d ---------------------- ---- ---- ---- ---- ---- ---- ---- ---- General Market 01/21 52 61 63 50 54 58 59 49 01/14 54 63 62 49 62 62 59 49 01/07 40 56 55 49 52 58 57 48 low 01/05 35 48 51 46 38 48 50 44 high 12/31 65 58 56 49 72 66 61 48 low 12/14 39 45 44 51 39 40 49 44 high 12/03 48 55 46 51 50 51 57 47 low 10/18 16 24 26 51 19 23 24 35 Aerospace/Defense 45 79 66 26 49 64 70 34 Apparel (incl Retail) 38 33 28 39 42 30 31 26 Automotive 39 61 41 24 41 51 51 24 Banks 27 12 13 16 30 23 6 9 Biotechnology 88 100 90 86 90 99 97 94 Building/Construction 34 55 52 23 37 47 43 16 Chemical 30 65 63 52 27 44 48 32 Commercial Svcs 51 57 69 44 52 53 63 56 Computer Equipment 70 72 87 67 73 72 80 79 Consumer Nondurable 35 89 58 23 40 48 40 30 Drug (excl Biotech) 61 88 70 50 63 79 79 60 Electronics (incl Semi) 78 41 92 82 81 84 87 84 Environmental 41 73 45 27 45 55 68 27 Financial (incl S&L) 33 40 44 36 39 42 31 31 Foods 29 41 29 21 27 33 34 15 Healthcare 53 73 72 45 56 69 69 48 Household Products 38 43 53 33 38 40 28 28 Insurance 24 29 38 19 23 23 23 15 Internet 65 52 82 66 66 57 64 68 Leisure 58 55 48 45 53 53 47 31 Machinery 44 58 50 40 42 50 46 38 Media 42 65 82 75 57 62 76 80 Metals (excl Gold) 31 60 62 54 32 37 56 50 Oil & Gas 79 84 58 79 79 84 76 52 Paper Products & Pkg 14 42 66 52 16 30 36 26 Real Estate 54 78 58 22 53 71 80 19 Retail 39 50 41 36 40 44 40 27 Semiconductors 87 91 96 91 87 91 94 95 Software 64 70 89 72 68 66 79 82 Telecommunications 79 81 93 83 84 86 89 87 Transportation 24 49 44 34 25 34 36 26 Utilities 55 56 39 31 63 66 46 32 New Highs and Lows for Market ( 3660 stocks sans CEFs, trusts) sector 20-days 40-days 63-days 1-year ---------------------- --------- --------- --------- --------- General Market 01/21 562 - 393 458 - 277 405 - 210 289 - 136 01/14 582 - 197 407 - 130 363 - 97 229 - 63 01/07 596 - 195 336 - 123 269 - 71 127 - 45 low 01/04 113 - 548 74 - 375 65 - 266 32 - 153 high 12/31 679 - 111 468 - 74 402 - 54 262 - 35 low 12/14 231 - 650 202 - 395 170 - 329 117 - 226 high 12/03 487 - 277 399 - 167 343 - 141 251 - 89 low 10/18 72 - 904 48 - 715 32 - 613 22 - 289 New 20-day Highs and Lows By Sector sector num 01/21/00 01/14/00 01/07/99 12/31/99 ---------------------- --- --------- --------- --------- --------- Aerospace/Defense 47 5 - 3 7 - 2 10 - 1 16 - 0 Apparel (incl Retail) 89 6 - 18 6 - 1 4 - 8 11 - 3 Automotive 41 4 - 6 7 - 3 11 - 2 7 - 1 Banks 112 1 - 31 14 - 7 5 - 1 3 - 4 Biotechnology 69 35 - 0 18 - 0 24 - 0 10 - 0 Building/Construction 115 13 - 24 14 - 10 22 - 6 25 - 3 Chemical 71 3 - 13 8 - 4 23 - 0 18 - 3 Commercial Services 264 22 - 23 34 - 13 29 - 16 60 - 5 Computer Equipment 123 27 - 5 27 - 6 7 - 14 27 - 5 Consumer Nondurable 40 4 - 9 4 - 1 7 - 0 4 - 1 Drug (excl Biotech) 70 17 - 3 24 - 0 33 - 1 14 - 2 Electronics (incl Semi) 236 72 - 4 102 - 4 24 - 14 60 - 4 Environmental 22 2 - 1 1 - 2 3 - 0 6 - 0 Financial (incl S&L) 124 8 - 16 26 - 7 9 - 7 17 - 2 Foods 56 4 - 24 2 - 9 13 - 4 8 - 4 Healthcare 176 24 - 15 30 - 5 56 - 4 26 - 2 Household Products 40 3 - 6 4 - 3 1 - 1 8 - 0 Insurance 97 2 - 31 13 - 9 17 - 7 20 - 2 Internet 284 48 - 20 21 - 15 12 - 31 35 - 30 Leisure 118 11 - 8 15 - 11 10 - 11 10 - 7 Machinery 48 0 - 7 6 - 5 14 - 1 16 - 0 Media 84 13 - 2 9 - 4 3 - 5 30 - 1 Metals (excl Gold) 78 3 - 15 10 - 1 16 - 2 23 - 1 Oil & Gas 165 52 - 4 49 - 4 49 - 2 34 - 2 Paper Products & Pkg 50 0 - 15 5 - 3 14 - 1 12 - 0 Real Estate 106 15 - 3 14 - 4 51 - 2 22 - 1 Retail 260 18 - 48 22 - 16 29 - 25 46 - 9 Semiconductors 115 35 - 1 69 - 0 9 - 9 29 - 2 Software 175 37 - 10 27 - 8 13 - 15 30 - 3 Telecommunications 202 65 - 2 42 - 6 22 - 10 51 - 4 Transportation 88 4 - 23 5 - 11 16 - 3 12 - 2 Utilities 114 33 - 2 11 - 8 35 - 3 5 - 12