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Pastimes : Ask Mohan about the Market

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To: Tim McCormick who wrote (12801)	1/8/1998 8:20:00 PM
From: tekgk	Read Replies (2) of 18056

Here's the link for todays release: bog.frb.fed.us It looks like CNBC was looking at the raw preliminary weekly numbers. "Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision." Also they may have failed to notice the little p which means "p -- indicates preliminary data". The preliminary stuff jumps all over the place and generally gets revised up. I use either the 4 week or 13 week weekly average.

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