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

To: Terry Whitman who wrote (31573)	10/27/1999 9:01:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Well Bond rallied off of this news and futures recovered well so far, expectations were for only a .4% drop.... INSTANT VIEW - Sept US durable goods down 1.3 pct NEW YORK, Oct 27 (Reuters) - Following are comments from economists and market experts after the U.S. Commerce Department announced that orders for durable goods fell 1.3 percent in September after rising by a revised 1.0 percent in August. Economists polled by Reuters had predicted, on average, that durable goods orders would drop 0.4 percent in September. MELANIE HARDY, ECONOMIST, BEAR STEARNS & CO.: ``It really speaks to the volatility and the lumpiness of this series (of data). ...I still think the underlying trend for the manufacturing sector is upward.' Hardy was speaking on Reuters Television. (Note: this article is ``in progress'; there will likely be an update soon.) biz.yahoo.com Good Luck, Lee