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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (7269)	1/12/1999 10:25:00 PM
From: MARK C.	Read Replies (1) \| Respond to of 90042

GOOD NEWS on the inflation front after all! It IS down! After the Labor Dept. mistakenly released the ppi report early again, for the second month in a row (and even issued a correction), it APPEARED that the inflation number was worse than expected, which might hae rattled the markets tomorrow. They reported ppi of .4% (and 1% for the CORE RATE) versus the expected .3% and .6%. However, I just watched an interview on CNBC with the key economist of the "Wall Street Journal" and he said that "when you exclude the tremedous rise in cigarette prices that INFLATION is actually DOWN." He was very happy with the number and even talked about possible easing. So it looks like all is well for tomorrow opening, at least on the inflation front. DAVE GORE Next Previous \| Previous \| Next \| Respond \|