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To: GST who wrote (114263)	1/4/2001 3:37:34 PM
From: craig crawford	Read Replies (3) \| Respond to of 164684

I think general profit taking and a bunch of needless worry about a stupid jobs number is causing a little bit of selling pressure today. Some more hot air is being taken out of some of the high fliers too! (I like to see that). But ignore the averages and look at what the market is really trying to tell you. Nasdaq down 54 but advancers leading decliners 22 to 17. New highs 90, new lows contracting to 42. Don't just look at the averages in the red, look at what the internals of the market are saying. Ditto for the NYSE.

To: GST who wrote (114263)	1/4/2001 7:13:35 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> But I wonder what is in the jobs data and I wonder how much the fed knows about the jobs data before it is released. << GST, I think the jobs data will show tens of thousands of people on layoff. In Michigan, the auto companies are projecting sales of approx 15.5 million units this year. This is 12% less than 2000 and 1999. There are currently many thousands of jobs on extended Christmas leave for an extra 2 weeks. Christmas retail volume was not very good, either. So I think the Fed was trying to head-off a calamity. Unfortunately, you were betting on the calamity. I hope you got some relief today.