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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (26242)	5/14/1999 3:39:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Actually I think the market is digesting the CPI and bond yield rather well. I agree Judy... But the longest journey begins with that first step... While I'm still very bullish, we may see a few days or a few weeks of market backpeddling... New Lows jumped over 40 for the first time in three weeks... Neither Rubin's resignation nor Yeltsin's WWIII threats could do this... But, the threat of higher interest rates still rules the roost when it comes to market direction... Add to this, a market at new highs, and there's room for a 5 to 10% correction... There is an intermediate term trendline support in the DOW 10,200 area... Jim