MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (11032)	3/5/2002 5:11:16 PM
From: nsumir81	Read Replies (1) of 19219

A recovery is only substantive if it can be sustained So February seemed good in a SURVEY (like a consensus opinion) of purchasing managers. If one believes it all, look at the employment index. (not that I give much credence to such 'lagging'/'leading'/whatever indicators) The market (supposedly predictive) went down for two months apparently predicting something down the road (4-6 months?) while ostensibly 'concerned' about Enronitis etc. Then it suddenly shoots up based on a survey report that is a month behind. Woo hoo. Enron is history (well sort of in a different way). And oh yes, the recession. Even our Treasury Secretary says the recession never happened! Question is how do you MEASURE a recession? I heard that the NBER takes into account all kinds of other factors like employment etc. It is the EFFECT of a slowdown that is more important in my opinion, than just a technical definition of a recession. As always, they will argue on semantics, as the ship flounders. Or maybe the market just likes to go up and down for nothing ? Hmmm....

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