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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (31412)	5/11/2000 1:14:00 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 50167

Hi Ike: Hope all is well in Paris. On US retail sales a point to keep in mind. April was a wet month on the east coast and this would have been a factor in lower sales. I agree with many points in your last post. On tomorrows PPI with it being a trailing indicator we may still have the oil increases showing up from early in the year. It can still spook the market and make today a one day reprieve. Just guessing we won't know till tomorrow. If the #'s are ok and the fed only has to raise once more the down trend may be over. It will still take time to repair the technical damage but we should rally. Tim

To: IQBAL LATIF who wrote (31412)	5/11/2000 1:46:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Ike: The IIX looks like it has a 9 to 10% short term upside... chart.bigcharts.com A break above 490 sets up a test in the 540 area... chart.bigcharts.com Jim

To: IQBAL LATIF who wrote (31412)	5/11/2000 2:27:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 50167

. If PPI is in line we will see that test of 1384 area would be in hindsight considered as bottom test,.. fwiw.. Hi Ike, 1388 was my next target also had 1408 held for two days,then 1368. If you look at the broader market most stocks have been reduced 50-70% over time for one reason or the other. Many have been consolidating and a few have begun moving up. Many of these small-mid caps will outperform the next 6mos. IMO. The remaining large caps that make up most indexes moves should be bottoming out fairly soon. The remaining 20% of high P/E stocks will gradually come into line. Hopefully, the FED will recognize it has achieved much of it's goals. Reducing some of the "wealth effect" , even though they stated the stock market wasn't being targeted, however, this is where all this wealth is/was. P/E ratio's has been a concern expressed...many stocks (or shocks) are off 40-70% from their highs...MSFT is about 50%! My hope is Greenspan will keep to what he had said to the Senate. And stick with his gradual ways. It takes time for these rate hikes to show their effects. I personally feel he is finally getting his desire to slow the economy. Further my hopes we are close to the end of these moves, since our higher rates seem to be weakening foreign currencies, we don't need to import more cheaper goods...that would only get the Fed excited again.<g> wait that's deflationary? Alan Greenspan defended the Federal Reserve's recent interest rate increases today as necessary to keep the current prosperity on track, and denied that he was putting the entire economy at risk just to rein in the bull market. In an appearance before the Senate Banking Committee, Mr. Greenspan, the central bank chairman, parried questions from members of both parties about whether he was putting too much emphasis on the strains that rising stock prices might be creating in the economy, and too little on the benefits of low unemployment, steady growth and low interest rates. Elaborating on comments he made last week, Mr. Greenspan said that while he was not aiming at stock prices, he had to be concerned about how the run-up on Wall Street translated into increased consumer spending and a broader increase in demand for goods and services. That "wealth effect," he said, was contributing to an imbalance between demand and the economy's ability to produce the supply needed to meet it, the classic precondition for an outbreak of inflation. Mr. Greenspan said he saw no evidence of inflation outside of rising oil and commodity prices. But as he did during an appearance before the House Banking Committee last week, he suggested that the Fed would continue raising rates in small steps until the economy slowed from the blistering pace it set late last year Best, Jeff

To: IQBAL LATIF who wrote (31412)	5/11/2000 3:42:00 PM
From: J R KARY	Read Replies (1) \| Respond to of 50167

Ike congrats on a steadily improving 3 year thread My best to you , your family and your thread's altruism . Wonder if Chrm Greenspan has always known the big money folks (Buffet, Soros , Tiger Fund Chap) have to remain in the market . Day traders don't count , particularly in the Mutual Fund Industry's plan . Aren't that many Citroens available in the south of France if they (Big Money) all leave like they did in 1972 . Good wishes on your AAPL . Best regards, Jim K.