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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: edward miller who wrote (24226)6/9/2000 10:26:00 PM
From: pater tenebrarum  Read Replies (3) of 42787
 
my initial reaction to the PPI release:

Message 13856293

have to add now that i have seen the details of the report, that BLS, seeing the strong uptrend in energy prices, decided to sample energy on the 9th this time instead of on the 13th (which was the approximate time of the correction low in April - in April it was fine to sample on the 13th), in other words, a deliberate effort was made to capture as low a price level as possible. as can be seen on the charts however, most energy complex products were at new life-of-contract highs on the 9th as well.

to contend that energy prices actually fell by 0,5% in this time period is obviously complete nonsense.

i actually think that now that they have come out with such a blatant distortion of the facts, that it should finally dawn on some people what the BLS statistics are really worth (i.e. nothing). add to this a recent commentary by a Fed governor who called the jobs data "not credible"...a picture of an agency engaging in the execution of a political agenda emerges.

i am appalled that obviously government data can not be trusted anymore.

i am also amazed at how blatant the process of painting a picture that is rosier than reality has become. if at least they had contended that turnips fell 50% in price or something along those lines(in April cotton was one of the culprits...sampled right at a correction low once again), but to come out and assert that energy prices have actually come down is downright ridiculous.

regards,

hb
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