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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (14120)	6/1/2000 9:36:00 AM
From: Logain Ablar	Respond to of 15132

This, they say, indicates an absence of sellers rather than buyers for the first time in a long time and could mean that the worst is finally over." Probably means there is still one more shoe to drop to squish the small investor (me).

To: Justa Werkenstiff who wrote (14120)	6/1/2000 10:33:00 AM
From: Wally Mastroly	Respond to of 15132

U.S. manufacturing slows NAPM index for May is lower than expected; price pressure lessens June 01, 2000: 10:23 a.m. ET NEW YORK (CNNfn) - U.S. manufacturing activity grew at a much lower-than-expected pace in May while prices paid for materials tumbled, according to a trade group report released Thursday. Separately, the U.S. Commerce Department reported that construction spending dropped 0.6 percent in April, its biggest decrease in nearly a year. The National Association of Purchasing Management reported that its index of manufacturing activity slipped to 53.2 in May from 54.9 percent a month earlier. That compares with expectations of a 55.5 percent reading, according to analysts polled by Briefing.com. A reading of 50 or higher in the NAPM index generally indicates that output is accelerating. The overall index has been at 50 or above since February 1999. The "prices paid" component -- a measure of producers' costs - dipped to 65.8 in May from 76.0 in April. The prices-paid portion of the index hit its peak at 81.7 in February 1995. Meanwhile, the Commerce Department reported that construction spending in April dropped 0.6 percent, compared with flat forecasts by analysts and a revised 0.8 percent increase recorded in the prior month. It was the biggest decline since 0.9 percent in May 1999. Bonds rallied on the news -NOT TO MENTION STOCKS <g> - Bloomberg with some details: bloomberg.com