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To: bobby beara who wrote (15326)	5/29/1999 10:28:00 AM
From: Les H	Respond to of 99985

Three takeovers or rumors: DRC, EVR, and MER, and another moving to the S&P 500: PWJ. Basically rallying back to just below the 50-day moving average such as with XBD and SCH.

To: bobby beara who wrote (15326)	5/29/1999 11:58:00 AM
From: Lucretius	Respond to of 99985

what's the consensus over here, bobby? bullish or bearish?

To: bobby beara who wrote (15326)	5/29/1999 6:20:00 PM
From: Haim R. Branisteanu	Respond to of 99985

Stock fluctuations could affect U.S economy, Rubin says Copyright © 1999 Nando Media Copyright © 1999 Reuters News Service WASHINGTON (May 28, 1999 8:47 p.m. EDT nandotimes.com) - Outgoing Treasury Secretary Robert Rubin said Friday that while the nation's economy is on a strong path, it could suffer if U.S. stock prices fall or economic problems abroad worsen. However, in an interview to be broadcast on Saturday, Rubin repeated his view that, despite possible dangers, the most likely scenario for the economy was continued strong growth and low inflation. Rubin, who steps down as Treasury Secretary in early July, was a bit less guarded in the interview for CNN's "Evans, Novak, Hunt and Shields" show than he has been in the past, especially with respect to the stock markets. He noted that consumer spending has been a major part of the nation's economic success, saying that could be affected if stock prices fall. "Consumer confidence is a very important part of what has happened," he said. "Consumption is affected by the level of the stock market, and fluctuations in markets can affect consumption." U.S. stock markets, which have reached record levels this year, have suffered a tumultuous week, with the Dow Jones industrial average down almost 270 points for the week on Friday, when it finished unofficially at 10,560. Asked if the cycle of rising and falling inflation observed by modern economists had been broken, Rubin said that, if economic policies remained sound, the United States could continue to have low inflation, subject to "normal ups and downs." "I don't think any rules have been repealed, but I think you do need to look at the circumstances, and I think you've got to be very watchful with respect to inflation," he said. The biggest danger was weakness abroad and the fact that the United States was the only major economy performing well, he said, calling for continued international help for countries suffering financial crises. "We can have a good economy ... if, very, very importantly, ... we continue to provide leadership on these issues of the international economy that so affect our economy," he said.