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To: Ed Forrest who wrote (20029)	6/3/1999 10:32:00 PM
From: Captain Leap	Read Replies (1) \| Respond to of 41369

The employment report doesn't really mean @%^#. It might cause a short term emotional reaction...but futures have apparently already factored in an 88% probability of tightening...this report might add a little more certainty or worse, uncertainty. I hope the number makes the Fed get it over with so we can get on with our trading lives. Captain Leap

To: Ed Forrest who wrote (20029)	6/3/1999 11:03:00 PM
From: Luis	Respond to of 41369

ed; dont know but we take care of that later,but for now LONG LIVE THE UNeMPLOIMENT LINE. luis

To: Ed Forrest who wrote (20029)	6/3/1999 11:27:00 PM
From: John F. Dowd	Read Replies (1) \| Respond to of 41369

Ed: I can't see what the other poster meant by "The Fed has done a masterful ". Are they going to take credit for improving the US's productivity? If they are such market experts why aren't they running Goldman Sachs. I guess in their own way they are. But there really doesn't seem to be any inflation on the horizon. Commodity prices headed down and oil cartel beginning to cheat. The more people off welfare the bigger the surplus and the less the government will have to refinance. There is no problem here and let's not give the Fed any credit for addressing something that isn't there. JFD