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

To: Haim R. Branisteanu who wrote (55972)	7/3/2000 7:59:30 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 99985

re: CPI and PPI will be benign with the exception of healthcare and energy These two sectors are not core (this month, anyway), because consumers can easily switch to lower-cost alternatives as prices go higher (snake oil and cold fusion). Therefore, the FCCPI (Fully Cored Consumer Price Index) shows no uptick in inflation can occur until after the Second Coming, at the earliest.

To: Haim R. Branisteanu who wrote (55972)	7/3/2000 8:35:22 PM
From: Les H	Respond to of 99985

Housing is also non-core. Microwave and microwaveable popcorn are core.

To: Haim R. Branisteanu who wrote (55972)	7/4/2000 4:16:02 PM
From: Techplayer	Read Replies (1) \| Respond to of 99985

Haim, I am glad that I can help <g>. I am not saying that it is good practice or even a representation of reality to eliminate these components. Over the past 2 months, excluding those issues has left the numbers below estimates and set the market in a positive direction. Since I am attempting to play the market up and down at this point, I mention the CPI and PPI as a non-issue because I see no reason to go totally short the techs until the end of the 3rd week of July, and then only because of the end of earnings season, seasonal weakness and the beginning of fed watch. I firmly believe at this point that there will be manipulation by the Democrats' to preserve the perception of a healthy market and economy through the elections. Political pressures will likely have some effect on covering up bad news. Btw, the money supply article posted here seemed odd at this juncture. It certainly looked to me as an artificial stimulus to help equities and to preserve "prosperity".... For the record, I do plan to start closing new long positions by the end of next week. good luck. Happy 4th. tp