Zeev's Turnips - No Politics Message Board

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

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To: Softechie who wrote (51321)	4/15/2002 2:01:11 PM
From: Softechie	Read Replies (1) of 99280

MARKET TALK: Inventory Pullback Goes On, At Slower Pace 15 Apr 08:38 Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201-938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 8:37 (Dow Jones) Business inventories fell by 0.1% in February for a second straight month. January had originally been reported up 0.2%, but has now been revised to show a 0.1% decline. Still, the inventory decline in 1Q is far slower than the 4Q average and is still pointing to a huge swing in GDP growth just due to the far slower pace of inventory liquidation. (JM) 8:30 (Dow Jones) It's Monday. It's going to be much nicer outside than it is at your desk. Taxes are due. Citi (C) missed. But stocks are looking fractionally higher! Actually, there have been some decent upside earnings surprises - ADP, Banc of America (BAC), and Continental (CAL), among others - and the week is going to be packed with corporate-profit reports. Meanwhile, Northrop Grumman (NOC) bumped up its bid for TRW. Business inventories coming right up, and Greenspan talks to pols on Wednesday. Treasurys flat, oil higher on Chavez's return. (TG) (END) DOW JONES NEWS 04-15-02 08:38 AM

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