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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (221189)2/14/2003 10:01:52 AM
From: yard_man  Read Replies (1) of 436258
 
well maybe it was cause inventories jumped?? Neither one of them are bullish when you look under the hood, but does anyone do that if they ramp the futures??

Industrial production was boosted from autos and utlities having a more "normal" season -- this is rear-view miror stuff, since U.S. auto makers are already slowing production. -- not sure what the net sit is there -- I know Hondas are still selling well, but I think it's a matter of time -- inventory rise is not because folks are ramping up production (anticipating recovery), but rather because stuff ain't movin'at prior levels, IMO.

Sentiment number may temper some of the euphoria or do these numbers have anything to do with it at all??
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