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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Roger A. Babb who wrote (15166)11/7/1998 11:09:00 PM
From: poodle  Read Replies (2) of 18691
 
We deserve some "investment quality" humor... Especially I like the last paragraph.

"A key number from the report, an increase in employers' payrolls of 116,000 jobs,
was loaded onto the bureau's Web site on Thursday morning as part of a
supplementary table that normally would have been posted along with the full
report on Friday.

Financial analyst Ray Stone of Stone & McCarthy Research in Princeton, N.J.,
noticed it and e-mailed his clients after alerting the bureau that it had broken its
own embargo.

Bond and stock prices rose in response to the figure because the
weaker-than-anticipated job growth implied the Federal Reserve probably would
cut interest rates later this month."

nando.net

Also:

CNN informed me couple of days ago that autosales are growing fast.

"TOKYO (November 7, 1998 2:14 p.m. EST Mitsubishi
Motors Corp. is cutting nearly 20 percent of its Illinois and California work
forces and 30 percent in Thailand, will close two Japanese factories and is
reducing production in an effort to return to profitability."

"Mitsubishi said it hopes to cut costs by $3 billion by 2001 and return to
profitability after suffering huge losses from Japan's recession and the Asian
financial crisis.

"The economic situation is very severe, but we have to do our utmost to return
to profitability as soon as possible," Kawasoe said."
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