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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (23293)	2/5/1999 1:16:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 50167

I could follow some of that script. Box makers....and the DELL likes....more than a little pricey. Jeff

To: Judy who wrote (23293)	2/5/1999 2:19:00 PM
From: Lee	Read Replies (3) \| Respond to of 50167

Hi Judy,..Re:. the strong economic numbers today was just what was needed to tip the market's gradient down. January new jobs = +245k unemployment rate = 4.3% stats.bls.gov Judy, on Dec. 5th, 1997, the market was quaking in it's boots about strong job growth and a possible Fed tightening. Historical link below. economeister.com FED OFFICIALS EXPRESS ALARM OVER STRONG US EMPLOYMENT REPORT-Dec.1997 Another official indicated similar concerns, saying the Fed might want to tighten credit at some point simply to keep the economy from operating at too high a level, even in the absence of inflation pressures. This fear about Fed tightening has been in the market for at least the past 3 years, (and they did in Feb.'97). But the interest rate is significantly lower now as is inflation. Long Rates bigcharts.com Inflation stls.frb.org Since this sell-off started a couple of days ago, don't you think it has more to do with finally trying to be the first to take profits of the table? I'm looking primarily at the $NDX and it's been a fantastic run. iqc.com I also noticed buying in CAT and some of the so-called undervalued cyclicals. Earnings growth should steer back into the tech stocks once the cyclicals prove why they are undervalued? Regards and JMHO, Lee