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To: Justa Werkenstiff who wrote (12258)3/6/2000 8:40:00 AM
From: Justa Werkenstiff  Respond to of 15132
 
A new Bloomberg News survey and other polls suggest Greenspan may be in for a tough battle in trying to rein in stocks.

The Bloomberg News survey of active investors with annual incomes of $250,000 or more and $150,000 or more invested in stocks showed three-quarters expect the bull market to last another year or two, even if the Fed raises rates further. More than one-third expect the bull market to extend beyond that, according to the survey of 600 investors, conducted for Bloomberg News by Penn, Schoen and Berland Associates in the first two weeks of February.

A separate survey of investor attitudes done by the Gallup Organization for PaineWebber Inc. shows 78 percent of Americans still believe now is a good time to invest in stocks -- even though a majority believe the Fed will raise interest rates and three-quarters say Fed policies influence the return on their portfolios.

PaineWebber's February Index of Investor Optimism, released yesterday, showed investors expect returns of 16.7 percent in the next 12 months, compared with 16.5 percent in the January survey.

``Though they are slightly more skeptical today than in recent months, investors remain confident in the markets' ability to deliver above-average results,' said Mark Sutton, president of PaineWebber's Private Client Group.



To: Justa Werkenstiff who wrote (12258)3/6/2000 8:42:00 AM
From: Justa Werkenstiff  Respond to of 15132
 
Hiring Plans Up

A survey of almost 16,000 businesses released yesterday by Manpower Inc. showed U.S. firms plan to hire more people in the second quarter than any other quarter in more than 21 years.

Thirty-two percent of companies plan to hire more people in April, May, and June, while 6 percent said they will hire fewer people. That is the highest overall hiring level since the third quarter of 1978, the company said.

The number of Americans who see jobs as hard to get declined to a record low 11 percent in February, according to the latest Conference Board survey of consumer confidence. While the overall index fell to 141.8 from 144.7 in January, it was still the third- highest ever.

The strong job market is pushing wages and salaries higher. Americans' incomes rose 0.7 percent last month, after growing 0.3 percent in December, the Commerce Department said.

``If this continues, consumers, also flush with tax refund cash, will have not trouble financing spending growth in the 4 percent to 5 percent range,' said Ian Shepherdson, chief U.S. economist at High Frequency Economics Ltd. in Valhalla, New York.