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

To: Lee who wrote (31452)	5/15/2000 9:23:00 PM
From: Oak Tree	Respond to of 50167

Personally I agree with you. Money is going into the market from lots of sources perhaps the largest of which is retirement funds. Everyone is working these days, and many have pension funds. These are collecting money now for most of a month while this money is staying in the sidelines because everyone is scared the market will fall. It will either be a self fulfilling prophecy tomorrow if the market crashes and then partly recovers, or the market will simply finally buy back in using the money in the sidelines. I hope it is the later. If the market does another of those roller coaster rides, people will get scared and the economy will suffer. That is even if the market does recover the anxiety will case it to drift down. That would be a pitty considering the economy is actually doing great and the market anxiety would artificially ruin that. I vote for people to keep their jobs and the market not to roller coaster.

To: Lee who wrote (31452)	5/16/2000 8:37:00 AM
From: Lee	Respond to of 50167

Economic Data for Tuesday, May 16, 2000 CPI for April = unch. Core rate = +0.2% stats.bls.gov On a seasonally adjusted basis, the CPI-U was unchanged in April, following an increase of 0.7 percent in March. The energy index, which rose 4.9 percent in March, declined 1.9 percent in April, registering its first decrease since last June. The index for petroleum-based energy fell 4.1 percent, while the index for energy services rose 0.5 percent. The food index rose 0.1 percent in April, the same as in March. Excluding food and energy, the CPI-U rose 0.2 percent in April, following an increase of 0.4 percent in March. Shelter costs, which increased 0.5 percent in March, rose 0.2 percent in April, accounting for more than half of the April deceleration in the index for all items less food and energy. Also contributing to the smaller rise in April was the deceleration in the indexes for airline fares, for apparel, and for household furnishings and operations. Housing Starts for April = +2.8% to 1.66m units census.gov Privately owned housing starts in April were at a seasonally adjusted annual rate of 1,663,000, according to estimates reported today by the U.S. Commerce Department's Bureau of the Census. This is 3 (+/-6) percent above the revised March rate of 1,618,000 and 7 (+/-7) percent above the April 1999 rate of 1,561,000.