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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 337.09+0.2%Dec 4 4:00 PM EST
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To: marc ultra who wrote (1227)6/13/2001 2:31:59 PM
From: marc ultra  Read Replies (2) of 10065
 
First impression of beige book from dismal.com. Basically, economy is dismal. I haven't seen the actual report yet but it's caused market weakness when it hit

[The Fed’s Beige Book is the most dismal in recent memory. Comments regarding nearly every aspect of the economy indicate either weakening conditions or conditions no better than in early spring. The only bright note is strength in energy exploration, which benefits the few energy-producing regions of the country. Reports from various sources to the regional Fed banks indicated weak conditions for retail sales, tourism, manufacturing, construction and agriculture. There is little hint of a turnaround in any of the regions outside of the oil and gas producing area of the Gulf Coast and parts of the Mountain West.}

Marc
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