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To: wily who wrote (4232)	5/15/1999 12:46:00 PM
From: James Strauss	Respond to of 13094

Wily: Yeltsin dodged the Impeachment Silver Bullet... That's a plus for the West and hopes for a Kosovo Diplomatic resolution... This should have some positive market overtones... Aside from that, the sharp rise in oil prices could permeate throughout the economy in higher energy and production costs... Airlines and trucking costs would be higher... Plastic and other synthetic based products would cost more to produce... Almost anything you can think of would be effected... This is the type of chain reaction that the FED may focus on... If not at this meeting then the next one... There are those who say it takes two FED rate hikes for the market to tumble... With today's instantaneous information dissemination things happen faster... A little caution until the FED meeting is over is advised... Jim