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To: IceShark who wrote (35309)	4/21/1999 6:24:00 PM
From: eddie r gammon	Read Replies (1) \| Respond to of 86076

I have not been able to keep up today so don't know what the hell is going on. But looking at some of the comments on the thread IE: IBM,etc I would say we are in store for the KERO COB tomorrow -nfg_ erg

To: IceShark who wrote (35309)	4/21/1999 6:56:00 PM
From: geewiz	Respond to of 86076

The S&P sure went out with a strong premium; likely to gap up big time at the open.....Here's a novel idea <g>: biz.yahoo.com Wednesday April 21, 6:01 pm Eastern Time Market bubbles undermine monetary policy -expert By Isabelle Clary ANNANDALE-ON-HUDSON, N.Y., April 21 (Reuters) - Financial assets inflation, or market ''bubbles,'' undermines monetary policy because businesses enjoy easy access to capital outside of the banking system and are little affected by benchmark interest rates, a senior economist said on Wednesday. ''Capital market inflation undermines the effectiveness of central banks' attempts to control the liquidity in the banking system and to maintain ... short-term interest rates as an instrument of domestic economic policy,'' Jan Toporowski, a professor of economics at South Bank University in London, told a Jerome Levy Economics Institute conference on the global financial crisis. While Toporowski did not specifically comment on the U.S. economy or on Federal Reserve policy, he stressed that financial assets inflation lies at the heart of today's era of finance and is the most potent symbol of the revival of private enterprise.'' ''The resulting overcapitalization of companies leads to increased fragility of banking and undermines monetary policy and stable relationships between short- and long-term interest rates,'' Toporowski also told the conference on ''Structure, Instability and the World Economy.'' later, art