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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5637)	6/5/1999 7:13:00 PM
From: Demosthenes	Respond to of 15132

I2, <<I believe he also thinks the Fed will increase rates by 0.25 at the next meeting.>> I missed part of the show, but I think he said that there is, in his opinion, a greater than even chance that the FED will raise. Rgds, D

To: Investor2 who wrote (5637)	6/5/1999 8:08:00 PM
From: 2sigma	Respond to of 15132

My understanding of history is that indices rise more than 50% of the time after the first rate increase, then fall (vis-a-vis) "two steps and a stumble." KR

To: Investor2 who wrote (5637)	6/6/1999 10:31:00 AM
From: Lars	Read Replies (1) \| Respond to of 15132

* Market Summary * 6/04/99 5/28/99 %Change S&P 500 1,327.75 1,301.84 +1.99% Dow Jones 10,799.84 10,559.74 +2.27% NASD Comp 2,478.32 2,470.42 +.32% Russell 2000 442.33 438.68 +.83% SOX Index 408.96 388.13 +5.37% Value Line 455.64 450.17 +1.22% MS Growth 565.72 545.99 +3.61% MS Cyclical 588.64 565.43 +4.11% T - Bill 4.43% 4.51% -8 BP Long Bond 5.96% 5.82% +14 BP Gold - Oz-Near Month $267.20 $270.60 -$3.40 Silver - Oz-Near Month $4.95 $4.89 +$.06 National Association of Purchasing Managers' Index Rises To 55.2 in May from 52.8 in April April Construction Spending drops -2.4% Leading Indicators slip -.1% in April Auto Sales for May - Excellent - On pace for a Record Year New Home Sales for April Rose +9.2% Jobless Claims rose to 305,000 from prior week's 301,000 - Four Week Moving Average rose +500 to 304,250 April Factory Orders slip -1.2% on Weak Transportation Sector Ex Transportation, Orders rose +.5% - Third consecutive gain Labor Department Report for May - Unemployment Rate drops to 4.2% - Non Farm Payrolls rise 11,000 - Average Hourly Earnings rise +$.05 to $13.19/hour - Average Workweek increases +.1 hr to 34.5 hours Monday: Consumer Credit Tuesday: Unit Labor Costs, Wholesale Inventories, Philadelphia FRB Index Wednesday: Thursday: Jobless Claims Friday: Producer Price Index, Retail Sales, Univ. of Michigan Consumer Sentiment