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To: accountclosed who wrote (37163)4/29/1999 8:45:00 AM
From: Cynic 2005  Respond to of 86076
 
<<what's the deal on the futures turn around? >>

#reply-9199029



To: accountclosed who wrote (37163)4/29/1999 8:47:00 AM
From: Cynic 2005  Read Replies (1) | Respond to of 86076
 
Actually, this may be why bonds turned around and stock futures are up:
-----
08:30 JOBLES CLAIMS 4-WEEK AVERAGE UP 1,250 TO 307,500.
08:30 ECI UP 3% YEAR-OVER-YEAR JOBLESS CLAIMS FALL 20,000 TO 314,000 IN LATEST WEEK.
08:30 LOW ECI BURIES CHANCES OF NEAR-TERM INTEREST RATE HIKE.
08:30 ECI SHOWS INFLATIONARY PRESSURES NEARLY VANISHED.
08:30 Q1 ECI WAGES AND SALARIES UP 0.5%, BENEFITS UP 0.3%.
08:30 Q1 EMPLOYMENT COST INDEX UP 0.4%, LOWEST EVER RECORDED.



To: accountclosed who wrote (37163)4/29/1999 9:06:00 AM
From: IceShark  Read Replies (1) | Respond to of 86076
 
I see Mohair Mohan posted the employment cost data. -g- That was what did it - it came in at half the expected increase so no wage inflation. Which isn't really that surprising considering all the stock options being doled out these days. I just started to look at this company SNC that Mohan wants to short. Their net income of .28/share turns into a loss of -.20/share if you consider the options. But who cares, right?