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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: lee kramer who wrote (115619)10/26/2000 8:22:17 AM
From: Mr. Big  Read Replies (1) | Respond to of 120523
 
Now if only you and the Doc could help the Patriots.



To: lee kramer who wrote (115619)10/26/2000 8:49:48 AM
From: Lane Hall-Witt  Read Replies (1) | Respond to of 120523
 
The number that concerns me -- and that'll be interesting to watch for market reaction -- is tomorrow's GDP. It was very disconcerting to see Dallas Fed chief McTeer come out in a speech yesterday and say the numbers could be surprisingly low. How much of that message got priced into the market yesterday? Most importantly, of course, what will it "mean" to the market? Will low GDP raise fears of lowered profits and induce another selloff, or will it raise hopes of a Fed easing and induce a rally? Considering rising fears of inflation and the fact of an economic slowdown . . . are we on the road to stagflation? Will Greenspan find a way out of the "box" that many analysts say the Fed is in?

Procedurally, doesn't the Fed receive key economic data a week or so in advance of the public release? (I don't know; I'm asking. But I thought I read something to this effect once.) If so, then we know the GDP number must be very low, if the Fed felt it was important to give the markets advance notice to prepare it.