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To: Kayaker who wrote (51221)7/14/1998 12:43:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
Money is flowing back into the market reports Reuters.

Thanks Bob

Good news on the inflation front and retail sales aren't doing too shabby either,so far so good but we would have to see about the second half and what it will bring. Anyhow I see lower interest rates prevailing for rest of the year, good news for the stock markets indeed.

Here is something from Reuters.

07/14 12:13 U.S.stocks rally at midday, blue chips in the lead
By Jennifer Westhoven

NEW YORK, July 14 (Reuters) - U.S. blue chips were sharply higher at midday Tuesday as investors went on a buying spree, encouraged by optimism over Japan and Russia plus new economic data indicating U.S. interest rates are likely to stay low.

"Money is flowing back into the markets after some nervousness over Japan," said Peter Coolidge, senior equity trader at Brean Murray & Co.

Last week $8.7 billion gushed into U.S. stock funds, according to TrimTabs, the biggest weekly inflow since April, when $9.1 billion flowed in seeking tax shelter.