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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (210)	2/26/2000 2:30:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi CHip, Thanks for your thoughts on those selected issues. I actually stepped into the water with JNJ and MRK yesterday, in a small way. It will be interesting to see how the media deals with the market weakness this weekend. I'm shifting through different data, and want to double check on Japan and the global scene to make sure we will not have a blow-up from that angle this week. It would be a lousy time for Moody's to Downgrade Japan's Debt (unless one is loaded down with puts -g-) but that decision is thought to be a number of weeks away. The economic data out of Japan continues to atrocious And FED Gov Poole is talking about 3 or 4 more rate increases this year!!! ---Japan?s Sakaiya say consumer price decline is large. Japan LDP?s Kamei says it is hard to change company taxes. Japan BOJ's Ueda sees few tools to achieve inflation target, target won't reverse deflation, few risks economy will return to recession, not sure if spending will turn around. Japan minister responsible for financial reconstruction refuses to resign over pledge to help ailing banks pass BOJ test. US St Louis Fed's Poole says higher rates won't depress the economy, not obvious stocks are overvalued, rising oil not feeding inflation, 3 or 4 hikes seen this year.------