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To: Step1 who wrote (55627)	7/3/2000 5:56:01 AM
From: William Harvey	Respond to of 116764

Holiday Week Could Heighten Volatility Of particular interest to market-watchers will be Friday's payroll, unemployment and average hourly earnings for June. U.S. Labor Department numbers are keenly watched for any signs of wage inflation, which could affect prices in the economy and thus the Fed's decision on interest rates. Analysts polled by Reuters forecast, on average, that the unemployment rate will slip to 4.0 percent from 4.1 percent in May while average hourly earnings will rise 0.4 percent versus 0.1 percent in the prior month. dailynews.yahoo.com The economy been quite stable in the last couple of months. The NAZ was down 16% in April and 12% in May but enjoyed a 17% gain in June. You're not going to find inflation when the market's deflationary. We could be in for a real surge in prices now that the markets are back to supplying second and third incomes to most households and imo, the dot coms won't be around to compete with your neighborhood retailer to hold prices. A round of Double Jeopardy.

To: Step1 who wrote (55627)	7/3/2000 9:46:23 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116764

Stephan, the ground crew is the Fed, with its ad-hoc monetary policy. you know, tap the brakes a bit, then open the spigot again, then tap the brakes again, etc. they're hoping the bubble will deflate slowly - we'll see if they succeed. regards, hb