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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST
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To: MonsieurGonzo who wrote (30699)10/20/1999 8:36:00 AM
From: donald sew  Read Replies (1) of 99985
 
Steve,

I apologize for using the word JUNK in referring to wastepaper. In fact I was planning on being a wastepaper trader, so in actuality I really dont care how money is being made. As for the use of JUNK in the biz to referring to wastepaper especially, it did have some merit in reference to the damage it cause to containers due to how most wastepaper would slam the wastepaper into the containers with a forklift so the container walls would expand/damage. It came to the point where even if the vessels were not full, may steamship lines would decide not to even carry that cargo. Since you are in the industry, we could go into alot more detail but prefer not to continue a subject that would have limited participation unless you want to continue it thru PM. But I respect your position and will no longer call wastepaper JUNK CARGO.

I am well aware that oil drawfs the importation of electronics, but has you well know the price of oil has also been going up. If oil was going down in price, the trade deficit would probably be effected positively. Taking out oil since it is now in a trading range above 20, the effects of the extremely strong imports over slightly improving exports in container trade does have importance.

The figures just came in and it narrowed to 24.1 billion as compared to JUL figures and even to AUG figures, which so far is being given a positive spin.

seeya
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