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To: pater tenebrarum who wrote (7556)7/31/2000 7:24:31 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
Yet more pain in Dot.bomb land....

thestreet.com



To: pater tenebrarum who wrote (7556)7/31/2000 7:26:20 PM
From: John Pitera  Read Replies (1) | Respond to of 436258
 
Monday, July 31
Chicago PMI
52.0%, down 4.8 points from June.
Prices paid jumped 6.4 points to 70.0% -- highest since March's 74.2%.
Declines in new orders and production drove the large overall decline but remain well above 50%.
Backlogs and employment below 45%, inventories below 48%.
Monthly movement a poor indicator for NAPM given regional focus.

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To: pater tenebrarum who wrote (7556)7/31/2000 8:05:06 PM
From: Lucretius  Respond to of 436258
 
well of course... everything is bullish...



To: pater tenebrarum who wrote (7556)7/31/2000 9:39:35 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 436258
 
Heinz, it is about time to realize that the PMI is incorrect we have no inflation in this country!!!!!!

Aside the stock market is forward looking and oil prices are history so we adjust the PMI to current and it is very bullish.

New orders slowed not to worry more credit to credit card holders will solve the problem, or even a second or third mortgage on their home will kick orders into gears.

Just remember buy calls first thing tomorrow morning you double your money.

KIDWB
maiH



To: pater tenebrarum who wrote (7556)7/31/2000 11:06:02 PM
From: Archie Meeties  Read Replies (1) | Respond to of 436258
 
Don't we get a dose of NAPM soon?



To: pater tenebrarum who wrote (7556)8/1/2000 1:09:58 AM
From: Dave-in-MarinCa  Read Replies (2) | Respond to of 436258
 
Heinz:
Don't they call that stagflation when new orders and production are falling and prices are rising? And what's a central banker to do?? It will be interesting to see if this spreads to other areas of the country and how WS responds.
Regards
Dave


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