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To: DOUG H who wrote (18766)	5/14/2000 3:30:00 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 35685

yes, only slight inventory buildup though I read that shipping containers of fried chicken are stockpiling the Los Angeles docks outside energy, no inflation to be seen now energy subsiding I dont regard wages as any problem whatsoever wages lag prosperity, NOT (wages presage inflation) productivity will continue and continue and continue to offset wages if not for Presidential Election, I would expect another 25bpt Fed hike but the Fed must be feeling huge pressure to end their dirty business I see a tradable rally, hardly the beginning just yet of a sustained drive we need a nice rally off this support level and lower boundary / Jim