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

To: J.T. who wrote (26562)	5/26/1999 4:14:00 PM
From: Paul Moerman	Read Replies (2) \| Respond to of 50167

Check out this link, particularly the following quote: "Meanwhile, retired market figure Sir John Templeton drew on his extensive investing experience to come to a gloomier conclusion, saying the U.S. stock market reminds him of 1929 and the pre-crash Japanese market. He predicted the Dow would correct 40 percent from its high, losing some 4,500 points in the relatively near term." cnnfn.com Hope he's wrong!!!

To: J.T. who wrote (26562)	5/27/1999 12:31:00 PM
From: J.T.	Read Replies (4) \| Respond to of 50167

Bonds down 19 ticks to yield 5.84%. On its way to 5.9% interday test in next few days. Two big reports coming out next week for bonds and market: NAPM report on Tuesday and Emploment report on Friday. Overhang and downdraft until these #'s come out for bonds. On equities: Merrill analyst Steve Milonivich issued warning today for shrinking profits in computer industry... ala IBM et al. Major wirehouses are getting "agitated" with recent spew of downgrades, cautions and profit warning. This is picture of market that needs self-adjustment now IMHO. J.T. Catch you later til later tonight.