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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (547)	7/27/2000 10:38:49 AM
From: T J Krueger	Read Replies (1) \| Respond to of 10065

After yesterdays fall and again today - does anyone think QQQ will hit 100 again? Or NVLS 60? Nervous here

To: MrGreenJeans who wrote (547)	7/28/2000 9:56:23 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 10065

Bonds don't like today's 'mixed-message' from GDP data: Growth continuing? - w/o significant inflation? - The 'Dismal' Summay: First estimate of 2nd quarter GDP growth well above expectations. No slowdown in estimated business spending, and inventory accumulations rebound. Fed will be comforted by slowdown in consumer spending, but investment is still robust. Price deflator growth falls by nearly one full point, but still remains on a solid positive pace. Consumer spending growth fell by half, as expected, as auto sales and other durable purchasing weakened Trade balance worsened further, by approximately the same pace as the previous three quarters. Housing completions growth was unchanged, as increases in remodeling spending offset the slowdown in new units completed. Revisions to previous GDP estimates were slight downward revision in Q1 and full point upward in 99Q4. Impact is to boost the level from which 2000 growth is proceeding. - The 'Dismal' Analysis: dismalscience.com - The 'Bloomberg' take on the GDP data: bloomberg.com - Some headlines: 08:33 Q2 GROSS DOMESTIC PRODUCT UP 5.2% VS. EXPECTED 3.6% PACE 08:33 Q2 DOMESTIC PURCHASES PRICE DEFLATOR UP 2.2% VS. EXPECTED 3.2% RISE 08:33 Q1 GDP REVISED DOWN TO 4.8% FROM 5.5%; Q4 REVISED UP TO 8.3% FROM 7.3% 08:33 PERSONAL SPENDING UP 3% IN Q2 AFTER 7.6% JUMP IN FIRST PERIOD 08:33 Q2 CORE DOMESTIC PURCHASES PRICE DEFLATOR UP MORE MODEST 1.8% VS. 2.8% RISE IN Q