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To: William Hunt who wrote (26165)	6/2/2000 9:30:00 AM
From: Sonny McWilliams	Read Replies (2) \| Respond to of 27012

Bill. Well, the employment numbers came in very very good. A lot of people lost their jobs. They expected 200,000 job increases, not counting the census workers. What they got was a decline of jobs. So, again, the FED should be very happy with those numbers. Sheesh. What is this world coming to? I never liked the rate hikes to begin with. I am going along with some of those forecasts that the FED may actually have to cut rates later this year, if this keeps up. Especially if there are more rate hikes. Yes, not all rate hikes are in the economy yet and the results are good or maybe not so good, which ever way you look at life. There was another tidbit on CNBC a little while ago. Maybe it's a very big tidbit. CANADA SUPPOSEDLY IS OFFERING MSFT A HOME THERE. THAT COULD MEAN 20,000 JOBS LOST AROUND SEATTLE, IF THEY MOVED ACROSS THE BORDER. WELL, AT LEAST THE DOJ WOULD NOT HAVE TO WORRY ABOUT A MONOPOLY. MAYBE WE WILL HEAR A BIG SUCKING SOUND OF OUR BIG COS. RELOCATING IN ORDER TO GROW WITH LESS INTERFERENCE. Canada seems to be very new economy oriented. JDSU is thriving there. Maybe I will have some more time later today. The market looks very strong. Intel has moved through my orig. target of 130 and could be moving big. It also looks like the NAZ will go above its 200 day avg. and that/s what Gail Dudack called a sign that the NAZ could go past its old highs. I believe that was the gist of her talk yesterday. Sonny

To: William Hunt who wrote (26165)	6/2/2000 9:32:00 AM
From: Brian Malloy	Read Replies (1) \| Respond to of 27012

Hello Bill, Wow, the jobs numbers were out of sight. 4.1% the revision will probably be slightly higher especially as they pull out the + up in census workers. The news this week pretty much validates the slow down scenario. The other rate hikes have not hit yet. At this point the fed will probably sit tight in June and observe. Looks like the Summer rally is off to a good start and the four to five day seasonal bullish period here is on our side. Guys like Battapaglia, Kudlow and many small investors are vindicated in their belief that the fed is not properly measuring the impacts of productivity and other "new age" paradigms on the market. We can only hope that we get the soft landing and the Fed has not already choked the economy off. If worse gets to worse, they can take away some of these rate hikes in the fall. About three months ago that was one of the scenarios I laid out if the fed overtightend. The part I like best is the egg on the face of many of the Wall Street clowns. The analyst that over the weekend who said we were headed lower and reduced his stock allocation raising cash for his clients. How can he sleep at night after putting a daggar in his clients back(s)? The clown on CNBC tuesday that called Monday's rally an abberation? Ned Riley and his ill informed comments. Ron Insana and his smirking know it all, I don't care what you say the market is going down bias. Now we all get to sit back and laugh, enjoying our profits. Regards and have a great day, Brian