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Strategies & Market Trends : Waiting for the big Kahuna

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To: Mike Fredericks who wrote (1401)6/25/1997 10:05:00 AM
From: Mike Fredericks   of 94695
 
All-

Durable goods orders down 0.6% in May, whereas a 0.6 to 0.8% gain was expected.

USA Today says that this is good news because it means that there is not an inflationary threat any more.

I (and others on Mohan thread) think it's closer to being recessional...

-Mike
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