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To: Mark Fowler who wrote (60380)6/4/1999 12:31:00 PM
From: John Donahoe  Read Replies (1) | Respond to of 164684
 
Very interesting post Mark. It's more evidence that we are in fact transitioning to a "new economy" and that a new paradigm is being established.

RE: As a result, the Fed has resisted pulling the interest-rate trigger for most
of the past two years, even as inflation warning lights have been flashing.
Officials are at least prepared to allow the possibility that
something radical might have changed.


The current market correction is based on inflation fears. Last month's CPI numbers put a scare into the bond markets along with the usual suspects; robust economy, tight labor market, etc. But this won't last much longer.

This months CPI is due out on the 16th. It will show that last months "blip" was an aberration. The bond market will rally and the bull market will resume. That includes the Net Stocks.

IMO