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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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To: Jerry Olson who wrote (42504)	3/7/2000 4:43:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 99985

Not meaning to interrupt your focus on WAVX, but re PG: "P&G's Jager said high pulp and petroleum-based raw material costs accounted for about half of the downward revision in the earnings forecast. Petroleum-based materials are used in cleaning supplies such as liquid laundry detergent as well as many personal care products." ---- I just feel used, abused, and lied to by the US Govt. They said that oil prices don't matter, because the recent rise in crude is an anomaly. And yet, it looks like high oil prices do matter in the real world. The hit on PG stock was probably an anomaly too, I guess.

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