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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (3726)	4/11/2001 5:52:29 PM
From: Original Mad Dog	Read Replies (1) \| Respond to of 33421

Who's hoarding, I wonder. <raising paw>...I figured with my anniversary coming up in a couple of months, Original Wife might like something a little different this year......<g>

To: MulhollandDrive who wrote (3726)	4/11/2001 11:16:23 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Tomorrow's economic data include some market movers. Retail sales is released at 08:30 ET along with the producer price index. Wholesale prices aren't much of a worry given the sectoral recession in manufacturing, the tough global price competition and the run off of year ago gains which should turn January's decade high 4.8% annual growth rate to just 3.3% in March. Retail sales could swing either way from the flat growth expected. A back to back decline (after Feb's) would confirm a consumer pullback after the discount-generated surge in January as the economic weakness, lost equity wealth and confidence plunge present a real risk to consumers' second quarter appetite. Michigan's consumer sentiment index, released at 10:00 ET, provides a preliminary read for April. Market expectation is for a decline after the March rise with a fall below Feb's 90.6 level suggesting that the bottom hasn't been seen yet.