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Politics : Idea Of The Day
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To: Gaston Teran who wrote (9456)9/12/1997 9:02:00 AM
From: IQBAL LATIF   of 50167
 
The number is going to create more questions?
If you look into the breakdown I think the only conciliatory number is .4 below market expectations on retail sales otherwise energy, gasoline, heating, oil, food, clothes and cars all indicate a rising trend in prices- what the investors are going to ask is will this rising number be last or first in series of future PPI numbers. So now focus will be to look for confirmation of decline in economic activity - I think in next few sessions we will find a market trading within a 250 point range from here.
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