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To: Dr. David Gleitman who wrote (3127)2/8/2000 3:23:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
three tail winds working for us now

1. techs are resurging after a profitaking bout in January... techs are where the growth is, plain & simple... NazComp setting new highs on daily basis

2. bond yields are declining as growth shows strong productivity and very tame labor costs (inflation)... federal refunding plus tame economic data is best of both worlds... we done peaked in interest rates, sportsfans!!!

3. USdollar now trending up... at 109 yen with G7 promising to weaken the yen in concerted efforts (succeeding)... and euro is dropping lower under 1.00 parity versus dollar

Insana on CNBC got it backwards, since the euro is reported in dollar terms, but the dollar is reported in yen terms

I smell serious continuation rallying in techs, yippy
this is a bonafide breakout, possibly 100 pts today
we could use some better breadth in advances over declines
but Russell2 is showing upmoves nicely, smallcaps participating

anyone notice Conexant?
QCOM will join the dance, but now somewhat ignored
/ Jim Willie



To: Dr. David Gleitman who wrote (3127)2/8/2000 3:25:00 PM
From: DownSouth  Read Replies (1) | Respond to of 35685
 
Doc, I had the same thoughts when I was watching her. She kept pausing and it seemed that she was having to water down her response and stay on the conservative side. (Or was that me?)