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

To: American Spirit who wrote (53470)	6/8/2000 10:50:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

"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." Is this the same consensus who just week before last was looking for 100+ in increases through the rest of the year? Repeat after me: the consensus is always wrong - and you will be too if you think otherwise. PS. This was the same consensus looking for significant cuts in rates in 1999. They were close - we got significant raises.

To: American Spirit who wrote (53470)	6/8/2000 10:57:00 PM
From: Saulamanca	Read Replies (1) \| Respond to of 99985

"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." siliconinvestor.com