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To: Dr. David Gleitman who wrote (2467)	2/4/2000 8:58:00 AM
From: jmac	Read Replies (2) \| Respond to of 35685

This market just wants to go higher. We've had 2 10% correctionsin the NAZ, 20-40% corrections in some of the high-flyers, and things are as good if not better than they were in the 4thQ. I don't think V is going to get his strong downside swing in the NAZ during Feb. Look at those semis. Wow! JDSU is still cheap and so is ICGE. I'm looking for a few others as well. Any suggestions? Unfortunately, I expect Q to stay betweem, say 135-155 until the 2/17 analyst meeting at which time I expect some major upgrades and perhaps a major news announcement.

To: Dr. David Gleitman who wrote (2467)	2/4/2000 9:00:00 AM
From: candide-	Respond to of 35685

Doc, good morning. Coffee's on. Here's the report for all. Labor market tightens further Jobless rate dips to 4%; 387,000 workers hired By Rex Nutting, CBS MarketWatch Last Update: 8:26 AM ET Feb 4, 2000 Bond Report WASHINGTON (CBS.MW) -- A tight market tightened further in January, the Labor Department said Friday. The unemployment rate dipped to a 30-year low at 4 percent, average hourly earnings soared by 6 cents or 0.4 percent, and employers added an incredible 387,000 new jobs, the most in 28 months. Today on CBS MarketWatch Vodafone, Mannesmann agree to merge Blockbuster jobs report U.S. shares set for gains Online advertising takes off in Europe Mattel CEO steps down More top stories... CBS MarketWatch Columns Updated: 02/04/2000 8:37:56 AM ET Job growth was much stronger than the 242,000 anticipated by Wall Street. Earnings and the unemployment rate came in about as expected by economists surveyed by CBS.MarketWatch.com. See Economic Forecast. The Federal Reserve raised two key overnight interest rates on Wednesday in a bid to slow growth before inflation accelerates. The key concern of the Fed is the tight labor market, which could force higher wages and ultimately high consumer prices. See related story. The 6 cent gain in average hourly earnings to $13.50 exceeded the 5 cent forecast by economists, but that strength was moderated by a downward revision in December's wage from $13.46 to $13.44. Over the year, average hourly earnings have risen 3.5 percent. Wage increases have decelerated over the past year: Wages rose 13 cents in both the first and second quarters of 1999, 11 cents in the third quarter and 9 cents in the fourth. The big gain in payrolls "reflected unusually mild weather" during the survey period, said Katharine Abraham, commissioner of the Bureau of Labor Statistics. Taking advantage of a mid-month respite in the weather, construction firms added a seasonally adjusted 116,000 jobs. Manufacturing establishments added 13,000, only the third gain in payrolls in the past year and a half. Auto makers laid off few workers than normal in January, the government agency said. Service-producing industries added 256,000 jobs, including large gains in agricultural services, computers, recreation and health. Retailers added 43,000, reflecting continuing strength in consumer spending. The government added 11,000 temporary census workers in the month. The average workweek rose by six minutes to 34.6 hours. The manufacturing workweek also rose six minutes to 41.7 hours while factory overtime fell six minutes to 4.6 hours. Under a new seasonally adjusted calculation, the number of Americans who are not officially unemployed but who want a job fell to 4.3 million from 4.5 million. Another 5.7 million are officially unemployed. While financial markets and the Fed worry that the pool of available workers is depleted, 10 million Americans are ready and willing

To: Dr. David Gleitman who wrote (2467)	2/4/2000 9:02:00 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

bond pits recognized large job increases were primarily from construction sector, where pleasant mild weather up to mid-January benefited countless housing starts... heard the cutoff date was Jan12th, prior to cold snap those pitbulls also realize the recent cold weather will stop that trend in its tracks almost got my sub-4.0% unemployment figure it should happen this spring, and what a shock it will bring / Jim