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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (32084)	9/6/2000 10:51:41 PM
From: Jill	Read Replies (1) \| Respond to of 35685

This should cheer you up, from jagnotes today: An Intel downgrade was largely shrugged off yesterday and rotational interest seems intact. The technical/sentiment overview remains positive with no interday high TICK reads indicating NO short term overbought. Put/call ratio analysis also indicate all the exchanges at below average to basing numbers. The Arms Index remained above the kick out sell number of 4.00 at 4.58. Also recent liquidity data shows plenty of fresh money on the sidelines with $12.1 Billion across the table last week per Trim Tabs. More good news on inflation that the Markets liked was released late last week. The Economic Cycle Research Institute Future Inflation Index fell to 121.1 in August, the fourth straight monthly drop. The Index had hit a peak in April at 125. Add the slowing in the European countries and you got the rate players off their hands and they kicked the entire interest rate complex up a notch. Even the yield in Mortgage rates dropped below 8%. We should also add that the European Central Bank raised the benchmark rate a quarter point to 4.5% in an effort to support their scraping EURO that ticked a new low today t 88.07 A supposed Greenspan favorite inflation Index also turned lower to 101.2. The (FIBAR), Foundation for International Business and Economic Research that measures U.S. employment to population. The story goes that if historically Mr. G sees the Index raise 4 or 5 consecutive times he raises rates, and four or five times in decline he lowers them. This would have been five months in decline but last months number was revised to an up 102.4. Bummer