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Top 72. May 16, 2000 11:01 AM

» Rande - Thanks Deanna.

Thanks Deanna. Something to look forward to. ;)

-- posted by Rande

Top 73. May 16, 2000 11:18 AM

» Rande - As expected, 50bp and no shift in bias.

As expected, 50bp and no shift in bias. Back to econ watch and wondering about the June meeting, I suppose.

-- posted by Rande

Top 74. May 16, 2000 12:27 PM

» matttheduck - walker market letter

hey! i thought bob brinker was the "only bearish voice in the wilderness" tm. this walker dude better watch out, going to 100 percent cash last november may gain him nothing but an abc/brinker lawsuit. smile

-- posted by matttheduck

Top 75. May 16, 2000 12:35 PM

» Kirk - a "lone voice"

...often means you just shout the loudest! 8)

Of course, I feel sorry for those that believe it.

-- posted by Kirk

Top 76. May 16, 2000 12:39 PM

» Kirk - Deanna!

Spankings! I wonder how THAT got past our G-rated censors here! Can I play too? 8)

related note on censors:
Our chat software actually censored the nick name for a past presidnet this weekend! I have to use "Richard" rather than "Dick"...
I sent in a bug report on that one... ;)

-- posted by Kirk

Top 77. May 16, 2000 1:21 PM

» Rande - Excerpt from Paul Erdman at CBSM today:

Excerpt from Paul Erdman at CBSM today:

What does the future hold?

So what will it do in June? If the consumer price index remains basically unchanged in the interim, the answer is they will probably stand pat. If prices rise, however, the Fed will probably go for one more increase, in the 25 basis points range.

And how are the markets reacting?

My thesis has always been that time and time again investors have learned that low inflation is good for financial assets. Today the market seems to agree: stocks are up, bonds are up and the dollar is up.

Both Erdman and Kellner rightly point out that crude oil remains a wildcard, given OPEC unreliability. Something I've been following as well. On 3/31 the futures showed 26.90/barrell, susbtantially down from the early-March peak of $34 or so. That decrease and the subsequent drop to 25.74/barrell on 4/30 accounted for much of the pleasant news in the recent overall price reports (import prices, PPI and CPI). So, with the near-term futures nudging back up to $30 now, we may get something of a reverse in the next set of numbers. Core rates will continue to be key, and those now-tired predictions of eventual slowdown (including myself) will need to come to pass for the Fed to lay off. Meanwhile, Big Picture remains bright and those with long-term time horizons should simply fuggedaboutit.

-- posted by Rande

Top 78. May 16, 2000 2:08 PM

» DeannaWagner - Kirk, Tell me your teasing

Surely you jest! Spanking is such a sweet word. Good thing for you that I haven't had the time or inclination for chat rooms! LOL Deanna

-- posted by DeannaWagner

Top 79. May 16, 2000 2:23 PM

» DeannaWagner - your as in you're

-- posted by DeannaWagner

Top 80. May 16, 2000 5:32 PM

» Mark_J - Well, they say that the market had already priced in a .

Well, they say that the market had already priced in a .50 hike, so that's why we rally after the Fed meeting. Heck, the rally started before this hike since everybody was expecing a rally after the meeting (therefore, it started before the meeting as folks try to get in before other investors).

So now I guess we spend the next month pricing in a .25-.50 hike for the June Fed meeting...

yeehaw. I'm sure we'll have dozens of Larry Kudlow columns to read between now and then explaining why the Fed is all wet. But, apparantly the Fed doesn't read Kudlow.

-- posted by Mark_J