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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: Buddy Smellgood who wrote (32024)12/1/2006 10:27:49 AM
From: Bucky Katt  Read Replies (1) of 48461
 
Looking at the numbers, the only explanation for not seeing a triple digit decline in the dow, this minute, is that intervention we have been talking about.
Props to the ppt for holding the ponzi up. For now.
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October Construction Activity Plunges by Largest Amount Since 2001 Recession

WASHINGTON (AP) -- Construction activity in October plunged by the largest amount since the recession in 2001 as home building fell for a record seventh consecutive month.

The Commerce Department reported that building activity dropped 1 percent to a seasonally adjusted annual rate of $1.18 trillion in October following a 0.8 percent fall in September. It was the biggest decline since a similar 1 percent drop in September 2001, a month when the country was hit by the terrorist attacks as it was mired in a recession.
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Manufacturing in the U.S. unexpectedly contracted last month for the first time in more than three years, taking away a pillar of economic growth.

The Institute for Supply Management's factory index fell to 49.5 in November, from 51.2 in October. A reading below 50 signals contraction.

Automakers are cutting production to clear away inventories of unsold vehicles, while the slump in homebuilding is hurting demand for construction products. Today's report adds to evidence that lower factory demand may be deepening the economic slowdown, after a report earlier this week showed orders for durable goods were at a six-year low in October.
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