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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: carepedeum2000 who wrote (27390)6/9/2000 12:12:00 AM
From: Flapdoodl  Respond to of 57584
 
Thx for the 8:30 heads up on PPI.
I thought most announcements were around that time, but I never new it was somewhat of an official time. That is why I never hold a NYSE stock over night going into number. At least we have 30 minutes(on Datek) to trade Naz if so inclined before the number. A word of advice for anyone trading Island with Datek!! Be sure to put your limit way into the money each way on two separate browsers and be ready to click on whatever long or short play you have ready. But do this only if you are in highly liquid trades like CIEN, INKT etc. that you will not get hosed for some ridculous spread and/or liquidity. ( I also assume you have the Island Book open) Otherwise you might get caught chasing limits. Good Luck in the 'morrow./ I am still babysitting this Muffin CTXS gig, but I agree with so many that will play CIEN for a ride.(also INKT for me, more oversold for my long, Cien will be my short)

----Flap



To: carepedeum2000 who wrote (27390)6/9/2000 8:01:00 AM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
Carpe, 0.3% would probably cause an end to this rally. . .0.2% [Core 0.1%] is the accepted consensus. Anything below that and we keep partying. PPI is the first peek at May inflation. I would think that fuel prices could skew this figure somewhat. . . even though it is primarily a seasonal increase for peak consumption period. But what an increase. . . since arriving at my parents house just about 4 days ago, unleaded gas prices have risen .26 cents. . [granted that is a June consumer number].

The overall inflation rate should be at 4.1% for the year based on today's figures.

Interesting how the markets are at a crossroads on direction at precisely the time when the economy is at a crossroads on direction. If the Core PPI comes in higher than 0.1%, it could actually be more significant, since this number has not been on a steady uptrend for 2 years. . . and has brought a sense of balance to inflation reading.

It is hard not to believe in inflation, when you look at fuel prices and think of how they affect our economy. But most producers and retailers are accustomed to the seasonal impact. . .and spread the figures out over the year. We could feasibly still come in lower than expected. . . if it wasn't for Carpe's Economic Estimator Contraption that appears to indicate otherwise.

Rande Is