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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (17617)	5/5/2000 8:31:00 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 35685

Larry Kudlow "Lawrence of America" is astonishingly brilliant he was just helping the kneejerk CNBC anchors this morning Kudlow points: - first, he cites a WashingtonPost article that refers to Greenspan as "undecided" as to next monetary policy move - the Federal Reserve has done its job, and now should step back - they drained excess Money Supply after the new year, after infusing at end of year for Y2K preparations - the Money Supply chart superimposed against the NazComp chart is clear as a bell - Money Supply was a 30-50 day leading indicator of stock market again - USdollar is strong (measure of confidence in American economic, corporate, political leaders) - gold is weak (measure of inflation, leading indicator) - crude oil is down over 25% from peak (measure of underlying energy costs, leading indicator) - lumber prices serve as an accurate leading indicator for Housing sector (prices are down) - cardboard prices serve as an accurate leading indicator for business shipping (prices are down) - retail corporations announced in latest quarter sales growth figures that were weak (consumer spending is slowing) - productivity he believes is stronger than yesterday's monthly figure shows HERE WE GO: unemployment came in at 3.9% !!! (lowest ever) skewed by Census hiring avg hourly earnings is up 0.4% NAZ Futures have been jumping around, minus 20 to plus 40 BOND Futures sold initially after news, then buyers came in strong Lil Ole ME: - seems like a repeat of last Thursday - cause for stock selling has been the uncertainty behind econ data - just yday noticed gasoline priceatpump has gone from $1.59-$1.65 DOWN to $1.42-$1.50 in three weeks next May16th the April CPI data is released by our crack govt statisticians same day as FedMeeting with Greinstein / Jim Willie