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To: DD™ who wrote (1176)9/24/1998 10:22:00 AM
From: Wally Mastroly  Respond to of 15132
 
"Q2 slowdown signals new economic phase"

usatoday.com

However, some mixed data in the article. For instance:

>Despite the overall slowdown in the second quarter, growth remained
brisk in many areas. Consumer spending grew at a 6.1% annual rate
and housing construction at a 15% rate. Businesses increased
investment in new equipment, including computers at an 18.8% rate<



To: DD™ who wrote (1176)9/24/1998 10:33:00 AM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 15132
 
DD: Re: "Classic Bottom Formation w/ Inflection Point?"

The Fed often can give the market an inflection point. At this point, I would prefer to think of the Fed projected move as supporting the market at higher levels above the benchmark lows. I don't think those lows will be seen again if the Fed sides with the investor come next week as I expect it will.


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