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To: GST who wrote (41053)	2/18/1999 9:09:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

GST, Re CPI. I think the market will react negatively tomorrow to CPI. We already know food and energy are up a lot. That can be discounted. However, housing prices are going thru the roof, so are rents. Cost of services of all kinds is up since wages and benefits are up. Imported goods should also be up, since the $ is not as strong as it was a couple of months ago. Of course other stuff is down. I think cars, electronics. But on the whole CPI will not give strength to bonds, from what I can reason. How far out of the money are your calls ? -Sarmad