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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (2477)	12/15/1998 9:38:00 AM
From: Lars	Read Replies (1) \| Respond to of 15132

Justa, >>> Without Greenspan, we would be in the toilet again. >>> I wonder if we are getting near another rate cut. I was foolish once again. I didn't sell "everything" in IRAs when we were at 9300 again. At least I sold a healthy portion. The impeachment issue will hurt the market short term. I think people are discounting the severity of what may take place. As for public opinion, I don't trust polls. Period. Has anyone on this board ever participated in a poll? No one is talking about the fact that Americans love soap operas. Well, this will be the soap opera. Power, sex and money in real life. LIVE! Is there anything the president can say to help the country and stock market? Yes. "I resign".

To: Justa Werkenstiff who wrote (2477)	12/15/1998 9:49:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Justa, Re: Impeachment & the market International market volatility could be subsiding (somewhat). Specifically, Brazil & Japan. Perhaps the beginning of the end for Japan? They may be getting ready to bite the employment bullet. A minister just discussed the probable end to "jobs for life" in Japan starting next year. Brazil market bouncing back this A.M. - but still obviously a fluid situation. Not much sign of inflation in the U.S. Impeachment - Pressure will mount for Clinton to resign if house keeps moving toward impeachment. However, I continue to believe that he is much to arrogant to resign (especially since the Senate does not have the two thirds vote to oust him). Agree, the end of this week could see market anxiety rise. However, heard some discussion/speculation that the the Senate could end the agony by moving to "adjourn" when the impeachment resolution hits the Senate. They could then call for for a joint congressional censure resolution to be signed publicly by Clinton. That kind of scenario might then cause a big market bounce. Wishful thinking - or a "best case" way out of this mess? P.S. -Here's a Dow stock that may help todays market to continue this AM's upward bounce - GE: usatoday.com (article link just changed)

To: Justa Werkenstiff who wrote (2477)	12/15/1998 11:38:00 AM
From: Jeffrey D	Respond to of 15132

Justa:<<Without Greenspan, we would be in the toilet again.>> Justa, doesn't appear Mr. Greenspan will be giving us an Xmas present this month. Jeff << Consumer Prices Edge Higher -------------------------------------------------------------------------------- WASHINGTON (AP) -- Consumer prices barely budged last month as moderation in food and energy costs kept inflation under wraps. In good news for holiday shoppers, the price of computers, video equipment and toys all declined. The Labor Department reported today that its Consumer Price Index edged up just 0.2 percent in November, matching the October increase. So far this year, inflation is rising at an annual rate of just 1.6 percent, even better than last year's 11-year low of 1.7 percent. ''Inflation remains benign,'' said Paul Kasriel, chief domestic economist at Northern Trust Co. in Chicago. But while consumers are reaping benefits, Kasriel said domestic industries are being caught in a profit squeeze. ''Their labor costs are rising but they don't have the ability because of foreign competition to raise their prices to maintain profit margins,'' he said. Wall Street has been battered in recent days because of profit worries and concerns about the outcome of a House vote to impeach President Clinton. But the Dow Jones industrial average began today's trading in positive territory as investors expressed satisfaction with the continued good inflation news. American consumers have reaped benefits from the global economic turmoil, which has sent the prices of a number of commodities, including oil, skidding to their lowest levels in a decade. The steep plunge in Asian currency values has meant lower-priced imports of key consumer goods from autos to toys. While American manufacturers and farmers have been battered by the rising U.S. trade deficit, the absence of inflation has given the Federal Reserve maneuvering room to cut interest rates three times this fall to make sure that weakness in those sectors does not lead to a U.S. recession. Fed policy-makers will hold their last meeting of the year next Tuesday, but the expectation is they will leave rates unchanged, preferring to watch and see whether a slowing U.S. economy will require further rate cuts. In a separate report, the Commerce Department said that business inventories rose 0.3 percent, but the ratio of inventories to sales was unchanged at 1.39 months for the third straight month. For November, energy prices, which had jumped a sharp 0.9 percent in October, were unchanged last month as a big 1.2 percent decline in gasoline pump prices and a 0.7 percent fall in home heating oil offset rising costs for natural gas and electricity. The good news on the energy front should continue in December with the Energy Department reporting Monday that pump prices have fallen for a ninth straight week to a national average of 94.5 cents per gallon, the lowest level since the Energy Department began tracking the weekly cost in 1990. Food prices moderated in November, rising by a slight 0.1 percent after a sharp 0.6 percent October rise. The price of vegetables, oranges, pork and poultry all showed declines. Inflation was well contained outside the volatile food and energy categories as well. The so-called core rate of inflation rose just 0.2 percent, the fifth consecutive month of this modest reading. So far this year, the core inflation rate is rising at an annual rate of 2.4 percent. Holiday shoppers are finding bargains on store shelves for popular items, the Labor Department figures showed. The index that covers recreation costs showed falling prices for video and audio equipment and toys. Computer prices were down as well.