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To: pater tenebrarum who wrote (37875)6/5/2000 12:09:00 PM
From: robnhood  Read Replies (1) | Respond to of 42523
 
<<, gold stocks are not yet confirming the move in the metal...>>

You're not kidding. There's obviously a lot of doubt.

Back to the market. They may as well have a morning fix at 9.15.. If they are up 30 as on Friday, they just stay there all day. Today they started down 4 , and here we are , down 4..



To: pater tenebrarum who wrote (37875)6/5/2000 12:42:00 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 42523
 
Strangely enough, though, JPM is getting pounded today. Wonder if some rumblings beginning in their gold derivative trade?



To: pater tenebrarum who wrote (37875)6/5/2000 1:15:00 PM
From: Lucretius  Read Replies (1) | Respond to of 42523
 
soft landing is here... get long QCOM -s-



To: pater tenebrarum who wrote (37875)6/5/2000 1:27:00 PM
From: KyrosL  Read Replies (2) | Respond to of 42523
 
Heinz, I wouldn't dismiss the soft landing possibility. Interest rates are about neutral, in real terms. IMO, the economy started slowing not because of interest rates but because of the effect of the sharp rise of oil last year and the federal budget surplus, which together removed an extra $300 billion of spending from the economy.

If this slowdown prevents the Fed from further raising rates, it's possible that a soft landing will result, like in '94.