Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (67099)	10/30/2003 2:44:53 PM
From: Real Man	Read Replies (1) of 94695

S&P futures vs fair value: +4.8. Nasdaq futures vs fair value: +14.0. The futures market gets a solid boost on the heels of a batch of better than expected economic reports. Of particular impact is the advance Q3 GDP, which checked in at 7.2%, well ahead of the consensus of 6.0%. The Chain Deflator came in at 1.7% (consensus 1.4%) and the Employment Cost Index was 1.0% (consensus 0.9%). The Initial Claims report checked in at 386K, for the third straight week below the 400K level, indicative of payroll growth, bringing the 4-week average down to 389K from 394K last week. - From Yahoo morning market update... I did not know that when firing is below 400K, it is indicative of payroll GROWTH -ggg- I guess, that's how the new bull market works -g-

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