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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (13225)	7/6/2001 8:46:15 AM
From: TraderAlan	Read Replies (2) of 18137

Very interesting part of today's UE report: "08:37 ET Economic Data : Notable in the Employment Report: the aggregate hours index - a monthly proxy for GDP - fell at a 1.4% annual rate in Q2, offering evidence that Q2 GDP will reveal a decline." The GDP is the common measure for recessions, ie, when it shrinks we are in one. Guess thats not a big surprise. One theory I've been working on is questioning the comments that this downturn is different than those in the past because it started in manufacturing before it carried over to the consumer, who is just starting to cut back. Perhaps this means that the downturn is just beginning rather than nearing its conclusion. Alan

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