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To: J.T. who wrote (22037)	12/20/1998 11:16:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 50167

JT: Globex is improving... cme.com I think the market will build strength from weak to strong tomw, and finish strong... The balance of the week should be strong... Jim

To: J.T. who wrote (22037)	12/21/1998 3:32:00 PM
From: Lee	Read Replies (3) \| Respond to of 50167

Afternoon JT,.Re:. Fundamentals showing weary signs of cracking with NAPM crawling along for several months, weakening job growth as evidenced by JNJ, BA, other majors etc, hourly earnings stuck in mud, and consumer confidence waning. Thought I'd pipe in to provide some relief for your worries. <gg> Although the manufacturing sector is a concern, it actually only contributes approximately 1.1% current to total GDP. Message 6628835 Also, personal income is rising as shown on the linked chart below, especially noticeable if you click on the 3 year chart. dismal.com Income vs. consumption overview Additionally, the low fuel costs and interest rates provide the same increased spending benefits as a tax cut. Finally, consumer confidence is still relatively high as shown on the attached chart. I don't really see this sagging while unemployment remains in the 4.4 - 4.6% range, and inflation stays tame, and energy costs and interest rates remain low. dismal.com Consumer Confidence Hope this helps relieve some of your anxiety about the health of the economy. <vbg> Regards, Lee Edit - Almost forgot, some companies have warned about UPSIDE surprises, notably INTC! I know we only hear about the sad stories but there are plenty of happy stories too!

To: J.T. who wrote (22037)	12/22/1998 10:35:00 PM
From: J.T.	Respond to of 50167

Thanks to IBM, MRK, MO, UK and PG, DOW was up 55 today. 12 Dow stocks were down. Need better breadth participation in this narrow group. IMPERITIVE TO HAVE SECOND CLOSE ABOVE DOW 9000 TOMORROW FOR THIS RALLY TO CONTINUE. Or the rally will simply stop dead in its tracks. Need a little help with mini-rally in oils like CHV and XON, and banks JPM and C to push forward the envelope to new highs DOW 9600 area by end of January. TRAN had nice reversal to the positive and second close above 3000 tomorrow will go along way towards Dow Theory and full market participation while COMP, NDX, SOX et al take a breather. I will like Citigroup (C) ONLY ON A break and CLOSE thru 53 to run to mid 60's for a trade. Few closes below 50 and no quick trade, but for buy and hold accounts. "Bull parobolic upside blow-off continues"but is hot potatoe. I will be "bad cop" in another post. JT