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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (16262)3/5/2002 9:59:33 PM
From: AC Flyer  Read Replies (1) of 74559
 
Hi Jay:

Services now joining the party:

Reuters Finance News
Services Rebounds, Underscore Recovery
Mar 5 4:46pm ET
By Atiya Hussain

NEW YORK (Reuters) - Activity in the massive U.S. services sector surged in February to the highest levels since November 2000, the latest in a series of strong data that points to a recovery taking hold in U.S. economy.

Following a report last week that showed the U.S. manufacturing sector snapped a 1-1/2 year slump, the Institute for Supply Management said its monthly non-manufacturing index rose far above market expectations to 58.7 in February.

The data indicated the services sector, which includes everything from transportation to legal and financial services, is poised to enjoy sustained growth in the months ahead, reinforcing economists' growing hopes of a robust recovery from recession in the United States.


I feel sorry for the shorties. No party for them. Just the hangover. Plus the added stress of having to figure out why they were wrong. Again.
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