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To: Uncle Frank who wrote (17847)	5/9/2000 12:28:00 PM
From: Jenne	Respond to of 35685

Macro Misery By James J. Cramer 5/9/00 11:55 AM ET Click here for the latest from James J. Cramer. We didn't get much macro help from that Wal-Mart (WMT:NYSE - news - boards) conference call on that company's stellar earnings. Jeff, my partner, Instant Messaged me during that call that he had his fingers crossed that Alan Greenspan wasn't on it. Wal-Mart management said it sees tremendous consumer spending with no slowdown whatsoever. That's devastating. All of these rate hikes and no slowdown. They also said they see price inflation on most items. It was a real macro horror. It made you long for 75 basis points, thinking that 50 just won't cut it. I can't believe how negative for interest rates this call was. Our heads are still spinning. If Greenspan takes a playback of this one, he could make a case for 100 basis points! We don't want to get too negative, but this is 1994 all over again, for sure. We feel it, we know it, we live it and we breathe it. Oh, and is it noxious. Be careful out there.

To: Uncle Frank who wrote (17847)	5/9/2000 1:22:00 PM
From: candide-	Read Replies (1) \| Respond to of 35685

Hi Unc, you bet I've learned...no more "seventeen years of age, fresh-colored, comely, plump, and desirable" girls for me... c-