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To: donald sew who wrote (32578)	1/9/1998 9:10:00 AM
From: Jeff lin	Respond to of 58727

From briefing: 08:35 ET Stock Indications: An extremely strong jobs report sends bonds reeling. Long-bond trading -22 ticks. However, stock traders attempting to put a positive spin on the figures, betting that these numbers serve to offset disinflationary fears. Nevertheless, S&P futures continue to trade well below fair value, with the Dow indicated to open about 70 pts lower at the open. Lighter equities due to continued weaknesss in Asia, after Singapore fell another 7.43%, Hong Kong -3.9%, S. Korea -2.3%. As I write, long-bond recovering, currently trading -11 ticks. S&P futures extremely volatile.

To: donald sew who wrote (32578)	1/9/1998 9:24:00 AM
From: Chien Pai Wang	Respond to of 58727

please check idea.. Message 3129332

To: donald sew who wrote (32578)	1/9/1998 9:42:00 AM
From: Kevin	Respond to of 58727

Good morning Don. Nonfarm Payroll was up much more than expected @ 370,000 (I saw estimates b/t 150,000 & 250,000). Unemployment was also stronger than expected @ 4.7%. This info sent the bond futures lower initially. However, average hourly earnings was reported @ =>1% (.3% was the estimate). If you ask me, it's good to see growth in jobs without inflation. I guess it just depends on how the bond traders translate the report.... Take care.

To: donald sew who wrote (32578)	1/9/1998 10:05:00 AM
From: Kevin	Read Replies (1) \| Respond to of 58727

If the futures break below my second supprot of 954.20, I think we may see another 10 points to the downside today. SPH8 has tested that support, but has not clearly moved below it yet. Kevin