William Hummer
William Hummer
sector services showing starting wages
The services sector is showing some inflationary pressure, and wages are starting to climb.
easing fed fixing flu global help major market prevent problems recession require sees shot temporary
We see the Fed easing as a flu shot that will help prevent recession in 1999, but fixing the global problems that underlie the markets' malaise will require major surgery. So basically, I think the market sees through this as a temporary boost, but there are fundamental problems that aren't yet resolved.
economic election fade forces held hostage news takes
There are a combination of forces which could be positive, on net. The market's been held hostage by the election and Iraq, and those may at least temporarily fade as preoccupations if better economic news takes hold.
entering period stock
We're entering a seasonal period now, pre-Thanksgiving, pre-December holidays, where we often see a stock advance,