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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (33986)	5/17/2000 10:15:00 AM
From: Jorj X Mckie	Respond to of 63513

I read the report. Not much to dispute other than one would expect a lag between the inflation indicators and the effects of the rate hike. We had a couple of indications that inflation was real followed by a couple that are saying that things are slowing down. I suspect that the inflation indicators are going to be a bit more friendly between now and June showing that the rate hikes have slowed inflation. In fact, I think that ultimately, Greenie will find that he has overshot his mark. In other words, as long as the higher lows continue to materialize, I am going to assume that we are still in a basing process with an upward bias.