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Politics : Idea Of The Day

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To: Lee who wrote (22048)	12/22/1998 9:01:00 PM
From: J.T.	Read Replies (1) of 50167

Hi Lee, wishing you health, wealth, and happiness during this holiday season. As for the fundamentals, NAPM #'s is giving chief analyst "sinking feeling" after 6 months in a row of steady to declining manufacturing activity. What a wonderful sight you have provided us at dismal.com If you do a little sleuthing you will understand how NAPM is early indicator in direction changes of health of economy. This has domino effect that translates all the way down to consumer confidence and ultimately willingness of consumer to spend or rein in horns and pocket books. . Just remember this: IT IS THE MARKET'S ABILITY TO LOOK 6 TO 9 MONTH'S OUT AND BEYOND AND ANTICIPATE LOWER WEAK FUNDAMENTALS DOWN THE ROAD WHICH WILL DICTATE MARKET DIRECTION. And except for the nimble trader who has the trained eye to look for these "cracks in fundamentals"and exited his positions, most will still be "at the party" when the heartache begins. The hangover takes place about the time weak fundamentals come into clear view after the market is down 20%. I will elaborate on some warning flags shortly. But for now, ENJOY THE PARTY, and thank you EGRP. JT

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