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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (224428)2/28/2003 11:01:38 AM
From: Les H  Read Replies (1) of 436258
 
10:30AM: Sellers have gained some traction with prices firming and buyers having to bid up prices following the better-than-expected Michigan Sentiment reading and Chicago PMI Index... In particular, the latter slipped to 54.9%, from 56.0% in January, but was above the consensus estimate of 52.5%... Given the large declines in the Empire State and Philadelphia Fed Indices, this slight decline will be seen as a positive to most market participants, especially considering the fact that the new orders component of the Chicago PMI remained strong at 59%, and the production component held steady above 62% ...
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