To: Copeland who wrote (9404 ) 3/1/1999 8:46:00 PM From: LastShadow Read Replies (2) | Respond to of 43080
Use less salt when eating your hat, unless its a new one. Actually, I figure Thursday is the big shoe dropping day, March 4th for a couple of reasons: The employment numbers coming out Wednesday will show continued strength, and since its looking like ther really isnt a correlation between inflation and unemployment like in the good old days (something the media gunks haven't figured out yet but Al Greenspan has) the bond marketers will panic and try to get everyone else to panic. At any rate there will probably be a real short a bond selloff, but then bonds will do nothing. The market will tank, and then rebound on Friday. I figure I will either exit the Bear fund Wednesday if the SPX is below 1215, or Thursday for sure if that scenario plays out. Both Thursday and Friday will be great days to go long for both trades and position holds if this is how things work out. If not, then I'll take may partof the hat with a little chianti and some fava beans... lastshadow and here is some off-topic stuff... The Internet Index Number 23 Inspired by "Harper's Index"* Compiled by Win Treese (treese@openmarket.com) Co-author of "Designing Systems for Internet Commerce" 28 February 1999 Estimated number of Internet users in China: 1,750,000 Estimated number of users who downloaded the Starr Report from CNN Interactive in the first two days it was available: 1,700,000 Fee to be charged by Delta Airlines for tickets not purchased on the Internet, in dollars: 2 Percentage of Delta Airlines tickets sold via the Internet in 1998: less than 3 Estimated US consumer spending on online retail purchases during 1998 holiday season, in billions of dollars: 8.2 Volume of Internet initial public offerings underwritten by Goldman Sachs in 1998, in millions of dollars: 435.6 Number of members of the U.S. National Advisory Commission on Electronic Commerce: 19 Number of Internet companies based in New York City that have gone public since 1990: 16 Number of Internet companies based in San Jose, California, that have gone public since 1990: 6 Estimated percentage of retail stock trades now taking place on the Internet: 25 Number of e-mail messages received by the U.S. SEC about potential Internet-related stock fraud, as of August, 1998: 120 Prize awarded by Cad.Lab for a new company name (Think3) through an Internet contest, in dollars: 50,000 Percentage of print journalists connected to the Internet: 87 Number of outlet stores being closed by Lands' End, partly because of using the Internet: 3 Bank's cost to process an in-person transaction, in dollars: 1.07 Bank's cost to process an Internet transaction, in dollars: 0.01 Number of E-Zines (online magazines) listed in John Labovitz's e-zine list, as of January, 1999: 3022 Estimated percentage of organizations with specific plans to test and deploy IPv6 in 1999: 24