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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jim kelley who wrote (113840)	4/1/1999 11:11:00 AM
From: PAL	Respond to of 176387

Hi Jim: Whenever oil prices go up, the bears are quick to point out about inflation since oil is the blood of the economy. The price of oil has gone up since last week, yet, if the threat of inflation is real, AG would have paid particular attention earlier this week. OPEC countries have agreed that they will cut oil productions, and coupled with the production problem in Northern California, the price of gasoline has gone up faster than a rocket. Yet whenever oil prices rise those oil producing nations start pumping more oblivious of recently production cutback agreement. Many of the emerging markets need foreign exchange, and the easiest way is selling more oil when the price goes up. I will not be surprised that in a matter of 2 or 3 months oil prices will come back to early teens. _______________ Note: I do not expect a strong market today. After 12:00 pm, voulme will dry up as many brokers leave town. With a three day stock market holiday, the uncertainty prevents fund managers from making commitments. If Dell can just hold at current price, next week will be good for Dell as the new quarter just started. Paul

To: jim kelley who wrote (113840)	4/1/1999 11:20:00 AM
From: Lee	Read Replies (1) \| Respond to of 176387

Hi Jim,..Re:. It looks like the bears are back touting the "early signs of inflation" schtick citing oil prices and tight labor force issues. Hi Jim, we've had a tight labor market for over a year now but little sign that wage pressures are affecting output prices or corporate margins. Also, according to the Fed, isolated instances of higher oil prices do not indicate any systemic change in the inflation picture. When I look at the Cu chart, Ag chart and grains and sugar charts in IBD, it's a pretty sad picture for the producers. As what's generally behind everything, we have PLENTY of SUPPY and small or no demand. Can't see things changing that quickly since economic recoveries take months and months. Some illuminating charts. stls.frb.org stls.frb.org Regards, Lee