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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (12992)3/24/2004 3:08:59 PM
From: Bucky Katt  Read Replies (1) of 13094
 
Jim, the durable goods number is negative when you strip out aircraft/transport orders. On top of that Airbus is eating Boeing's lunch.

'Demand for military aircraft surged 61.1 percent after a 37.3 percent fall in January and civilian aircraft gained 33.8 percent after a 32.5 percent decline. Demand for motor vehicles was up 5.0 percent from a 4.4 percent retreat in January.'

"A significant downward revision to capital goods shipments in January and further decline in February point to much lower investment spending growth in the first quarter," Morgan Stanley economist Ted Wieseman cautioned clients.

I see a negative GNP for the US down the road.

What then?

There is an old saying, and that is you can only polish a turd for a finite amount of time...
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