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To: H. Wai who wrote (46311)5/8/1998 11:26:00 AM
From: gbh  Respond to of 61433
 
Because it was very close to expectations. The street views this as positive. They just don't want ot be surprised.

Gary



To: H. Wai who wrote (46311)5/8/1998 12:48:00 PM
From: uu  Respond to of 61433
 
H. Wai:

> Since the employment report is not good, does anyone know why the market rebounds?

Most of the jobs created were in the low paid sector. Also, with no inflation and a high degree of saving and investment mentality among the employed population, inflation will continue to be practically 0!

There will be NO interest hike. Any interest raise hike and the whole world will go into turmoil especially with Japan and the entire South East Asia in such a horrible shape.

Regards,

Addi Jamshidi