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To: Robert Rose who wrote (104595)6/3/2000 12:47:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
>> but the potential for 20-25% more gains remains through the summer

Hi Robert. I am expecting a little more rally, maybe less than the 20% you mentioned. So far this latest rally lasted 4 days. We have had a couple rallies since March that lasted a week and then fizzled into a lower low. And each time the down trigger was expected Fed tightening. I think this time also, if sentiment reverses it will be due to the usual suspects of PPI, CPI or ECI. So I hope we get a chance to take a little more profit next week before one of those numbers looms closer on the horizon.



To: Robert Rose who wrote (104595)6/3/2000 4:21:00 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
<<My concern now is that this week the market priced in no rate increase on 6/28. >>

I agree Robert, and if Greenspan or any of the Fed Governors makes any comments in the next few weeks about the need to "remain vigilant" against inflation, or something like that, then the market could go into a tailspin.