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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (4424)	8/31/2000 10:24:17 AM
From: Hobie1Kenobe	Read Replies (1) \| Respond to of 13572

Greg, This news might be the set up for a Labor Day melt up in the markets, especially if the pressure hits A.G. to start taking back the rate hikes --- Whatchya think? 10:14 ET Economic Report : Chicago Purchasing Managers report not usually a market-mover, but sharp decline in the index to 46.5% in August from 52.0% in July was much weaker than expected and marks the first sub-50% reading (indicating declining activity) since early 1999. Could hint at weakness in tomorrow's NAPM and further diminishes the case for more Fed rate hikes. Bonds and stocks benefitting from the report.