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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (24801)	9/3/1999 1:23:00 PM
From: Benkea	Respond to of 99985

Don: "I would like to see how the PUT:CALL ratio is doing first as a judge for sentiment." I don't think you REALLY need to click below to answer that question <g>. finance.yahoo.com^VIX

To: donald sew who wrote (24801)	9/3/1999 2:23:00 PM
From: Ken98	Read Replies (3) \| Respond to of 99985

Don, here is what the Dept. of Labor's own economist had to say about the number: <<Phil Rones, an official with the department's Bureau of Labor Statistics, said seasonal quirks factors heavily affected the figures. ``The simple reason for the manufacturing decline is...they went up so much last month,' he said. Rones noted that many manufacturing facilities closed in July with many workers temporarily laid off on unpaid leave only to return to work again in August. Since there were fewer manufacturing shutdowns than usual in July, fewer workers came back from unpaid vacations, which he said ``shows up as a seasonally adjusted decline.'>> If the guy who put the number together thinks the number is no big deal and would seem to indicate STRENGTH rather than WEAKNESS, why do the markets get such a woody over the number? Especially in light of the numbers yesterday indicating BOTH declining productivity and increasing labor unit costs which are known to be on the Fed's radar screen. Adding to that the NAPM numbers from last week and the continued strength in the commodities, it seems the market heard what it wanted to hear today.