Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (21302)	7/16/2002 10:08:40 AM
From: AC Flyer	Read Replies (1) of 74559

Contrarian report part deux. Irrational selling continues. Meanwhile, in the real world: >>WASHINGTON (AP) - Industrial production jumped by 0.8 percent in June, the sixth straight monthly increase after being hit hard in last year's recession. The Federal Reserve's report released Tuesday suggested that the manufacturing sector is rebounding solidly. The June increase was the largest since October 1999. The 0.8 percent advance in output at the nation's factories, mines and utilities was stronger than the revised 0.4 percent gain in May. The Fed had previously estimated a 0.3 percent gain. Output at factories also posted a sixth consecutive monthly increase, rising 0.7 percent in June. Output at mines expanded 1.1 percent and production at utilities increased 1.6 percent.<< All goldbugs and shorts betta hava finger on the trigger, 'cause if you think the Dow's goin' to 6,000 and POG to $400, you're gonna get KILLED.

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