Netro Corp - (NTRO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Netro Corp - (NTRO)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mohan Marette who wrote ()	9/14/1999 9:32:00 PM
From: Secret_Agent_Man	of 792

The week's other big number is August retail sales, which will be released Tuesday. The MarketWatch consensus calls for a gain of 0.8 percent and 0.4 percent excluding auto sales. Retail sales rose 0.7 percent in July. "All the anecdotal evidence says the back-to-school sales were strong," Orr said. Consumers haven't even noticed that the Fed raised rates twice in an effort to slow the economy. Good luck! Consumers are enjoying a strong labor market, an unworldly stock market and low prices. Why should they stop spending? Even though interest rates are one percentage point higher now than they were in January, home sales and construction remain strong. The MarketWatch consensus sees housing starts slowing to a 1.63 million annual rate from 1.66 million. That's not much of a slowdown. Orr said homebuilders report plenty of demand of new homes, with lots of units ready to go as soon as workers and materials can be assembled on the site. The weakest part of the economy -- manufacturing -- probably faltered a bit in August. The MarketWatch consensus says industrial production rose just 0.1 percent after climbing 0.7 percent in July. The Fed's number is based largely on the payroll numbers from the Labor Department, which showed another erosion of factory jobs and hours worked. Orr said the Labor Department numbers are "very suspicious." Other indicators are showing a slow, steady recovery in manufacturing, so weakness in the industrial production numbers will probably be ignored by the markets. The CPI is the last big economic number that'll be released before the Oct. 5 meeting of the Federal Open Market Committee. Most economists don't think the Fed will raise rates at that time. "They're planning on waiting until Nov. 16 to see if what they've done before is enough," Orr said. Other economists surveyed by MarketWatch seem agree: Sentiment is running 9-to-1 against a rate hike. cbs.marketwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next