Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (5814)	11/15/2001 7:49:40 AM
From: t2	Read Replies (1) of 99280

Believe it or not the global markets saw that 7% increase in retail sales in U.S. and went bananas---that they don't have a clue of how it got to 7% is totally irrelevant---this has juiced the whole global market--- One note..with auto sales, one gets a true picture of industrial activity as well. Just imagine the number of companies that sell to the automakers and their employees....it is a long chain. That means low car inventories, more production etc.... That is good for the economy and may show up in later data. If one looks at it that way....I think the international reaction is correct. (this is not the same as looking at inflation, ex-energy costs, imho)

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