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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: y2kate who wrote (53441)	6/8/2000 10:44:00 PM
From: American Spirit	Read Replies (4) \| Respond to of 99985

Kate, the consensus (which is usally right) is that the PPI numbers will be benign and that the Fed will at most raise 1/4 point before the election. But nothing after this month because it would be too politically destablizing. There are some who say Greenspan might even lower after this if he feels he's gone too far. But opinions differ. Economic report numbers are closely guarded secrets because you could make a lot of money on them if you knew in advance. See "Trading Places" for the Hollywood twist on this. I expect a rally tomorrow but I could be wrong. Nothing to do but wait.

To: y2kate who wrote (53441)	6/9/2000 1:54:00 PM
From: John Graybill	Respond to of 99985

Check Fleck's column last night -- he quotes a bunch of the sources that are used, and the numbers themselves: My friend Gerry Stanewick says his best contact, who samples a lot of the same sources the BLS does, thinks that we'll get a 6/10 of a percent reading tomorrow, versus the expected 2/10. The CRB index was up 5.3 percent, the Journal of Commerce Price Index was up 3.6 percent, the Goldman Sachs Commodity Index was up 10.5 percent and crude oil was up 13.8 percent. If we do get something on the order of 2/10 of a percent, you will know unequivocally that it has been cooked. (edit at 14:02 -- oops, sorry for the duplication, I replied to the post before reading the rest of the thread)