Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: HG who wrote (45332)	12/21/2000 8:04:54 PM
From: John Pitera	Read Replies (1) \| Respond to of 77400

Happy, just read the data: Thursday, Dec 21 Philadelphia Fed Philadelphia Fed index drops to -6.1%. Lowest level since September 1998. Prices continue to fall as prices paid gains contrast with decline in received, strong productivity helps. New orders holding above water for last two months. Shipments (sales) returned to negative territory. Employment decline growing. All components ex prices paid and orders are below 0% neutral mark. Continued decline is a rough guide for the national PMI. Initial Claims ---------- GDP 2.2% GDP (advanced was 2.7%), 1.6% deflator (adv was 2.0%). Final revisions emphasized weaker exports, smaller downward revisions in investment and inventories. Modest slowing in inventory growth left 2.4% final sales. Personal consumption unrevised at 4.5% after a dip to 3.1% in Q2. Equipment/software investment softened to 5.6% from 18% in Q2. Net exports provided a larger drag as exports were revised lower. Residential investment fell a strong 10.6%. Government spending fell 1.4%. GDP price deflator rose a smaller 1.6%. PCE deflator at 1.8%. -------- Thursday, Dec 14 Initial Claims -32K decline to 320K. 343K 4-week average dips 2K from prior week's highest level since January 1999. Initial claims 4-week average 20% higher than a year ago. Continued claims up 7%. Continued claims fell 21K in week of Dec 2. ------- Friday, Dec 08 Michigan Sentiment Tremendous 10.2 point plunge to 97.2. Lowest since same level in Oct '98 during peak of global financial market meltdown. Largest decline since recession period of Aug '90. Massive 12.9 point collapse in expectations. Lowest since Oct '98. Present situation drops 6 points. Lowest since Oct '97. Incredible size of December collapse exected to be sharply revised. ------- dec 1st NAPM fell to 47.7% A fourth consecutive month below 50% and falling as manufacturing suffers a sectoral recession. Prices paid index peaked at 79.8% in March, upper 50%s since August and trending lower. New orders (30% of NAPM) ended a steady 8 month decline with a small 0.4 rise to 48.4%. Gains in export and import orders also encouraging given reliability as leading indicators. Production rose as well to 49.6%, 2 months below 50% neutral mark. Only 3 of 9 components fell in November. --------------------------------------------------------------------------------