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To: William Hunt who wrote (26633)10/18/2000 9:18:57 AM
From: Sonny McWilliams  Respond to of 27012
 
Good morning Bill. Things don't look too good this morning. A lot of earnings are still coming in as expected, which evidently is not good enough, or down some and the stocks are getting killed.

Interest rate hikes are doing the damage now. Despite the rate increases inflation numbers were up in the latest numbers. Energy and food. I can see why. With no energy policy and energy costs are this high, things are finally being passed on to the consumer. Gasoline prices for truckers etc. are high and the stores have to pay more for deliveries. But this statement is just a simplified statement of course. Increased costs are starting a lot earlier.

It looks like the techs and the nets will be taken to the cleaners again today.

Intel came in alright but even Intel is down this morning in pre market hours.

The futures look pretty grim.

Sonny



To: William Hunt who wrote (26633)10/18/2000 9:28:57 AM
From: Sonny McWilliams  Read Replies (1) | Respond to of 27012
 
Bill. Here is a case of selective reporting. And this is just 1 example.

Yes. RNWK said that advertising in the 4th quarter would probably be slower but they are hoping to make this up by increased royalties etc.

But in this market you sell first and then ask questions. Sheesh. Analysts want less complacency. I would think they got it. Sentiment in the market is now pretty bad.

biz.yahoo.com

Sonny