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To: William Hunt who wrote (26070)5/22/2000 3:22:00 PM
From: Sonny McWilliams  Read Replies (1) | Respond to of 27012
 
Bill. Ron Insana just had some interesting comments. The stock market has fig. in another 50 point rate hike. The bond market has fig. in at the most a 1/4 point rate hike and possibly NO rate hike at the next meeting.

A guy on the floor just said that retail investors are buying. There is supposedly not that much selling today, just no buying again. So Ron Insana asked. Do you think the retail buyers are outsmarting the big guys again by buying ahead of time just like in the last 5 years? He asked: Do you believe the retail guy is smarter? Answer: I vote for the big guys.
Hm. Let's see who is right in the end. But like you said earlier. It's hard to go against the big guys.

Maybe your inflation numbers posted earlier are doing the trick as far as the bond market is concerned and we will get maybe only another 1/4 point. Would be nice. What would those 4 or 5 time rate hike seekers have to say then? Sure hope that the FED will not listen to those crazy guys.

Yeah. WTO agreement is probably a given. Maybe then our economy will slow some more and the trade deficit will get bigger with China. Maybe exports will go up some but imports will even be higher. Alzheimer is setting in here also. But I am sure I said the same thing yesterday about those trade fig. gg.

Markets made a nice comeback. Let's hope it is not a dead cat bounce for today. Evtl. things should move up again. It was nice to see how fast those stocks can move up when the markets come back a bit. Wow. My Yahoo was up over 4 points at one time. Nice drop in the bucket.

Um. Wow. NAZ in the 90's and the DOW in the 130's. Sheesh. Those retail investors must be buying their heart out. Were you one of them? Unfortunately my cash flow is VERY low. No buy on this end. Just keeping my head above water. I still have some margin left, a lot less than before, and I hope I don't get called for more money before this is over. One reason I'd better not buy more right now.

Maybe we should do all this by PM. Nobody seems to be interested in our ramblings.

Sonny

PS. Maybe I should stay on here. NAZ down only 66 now. Maybe that analyst last Friday was correct. I am keeping my fingers crossed but have to go off here. Sorry. Hope it's not a bad omen. gg.