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To: Dennis R. Duke who wrote (15222)5/6/1999 10:37:00 AM
From: Dustin  Respond to of 41369
 
Dennis its post #15112 EOM



To: Dennis R. Duke who wrote (15222)5/6/1999 10:46:00 AM
From: Steeny  Read Replies (2) | Respond to of 41369
 
Thread, Market is overreacting to Greenspan comments hinting at the possibility of higher rates. He has been giving the same speech for years. Inflationary pressures could reemerge due to high growth, blah, blah. He gave this speech when the market was at 6000. Market should recover once it is digested. The unemployment # tomorrow tells all. Yesterday, a report called the Liscio report, well regarded by market pros, said that tomorrow's # will be much weaker than expected. If true, this will quell inflation fears. Also, yesterday's beige book was neutral to dovish on rates. The unemployment # could make or break this market shortterm.