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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (10211)	9/28/2000 1:10:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 42834

Great News eh? 8) PCE was revised downward about 8% (2.3% to 2.1%) while the CPI was revised upward less than 4%. (2.6% revised up to 2.7%) GREAT NEWS as inflation is still under 3% Then we have the economy that is slowing, but not too fast. We also have the Fed and others saying that 5% GDP growth might be acceptable and still have low (under 3%) inflation. How about that? This says everyone's boat will be lifted about 2% a year! (5% GDP growth less 3% inflation) This should be good news for the markets. You would have thought some of Bob's model indicators would have switched out of "Bear Mode" by now.... cheers Kirk out