Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (222756)	2/20/2003 8:46:35 AM
From: MythMan	Read Replies (3) of 436258

already being shrugged off... >>8:34AM Data worse than expected, but not that important : All three 8:30 reports were worse than expected, though they are not likely to change the market's perspective. Claims rose to 402K, but the moving average remains below 400K and there's no reason to believe that this one week's swing is indicative of any change in trend. PPI was much higher than expected, but no one will believe that inflation is suddenly a problem given the sluggish economy; more likely this is a statistical aberration. Finally, the trade gap widened significantly to $44.2 bln. Though the market doesn't tend to key off of the trade data, this might be the most notable report, as it might point to continued downward pressure on the dollar. Overall, though, these reports are unlikely to have much impact.<<

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