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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (46202)	5/4/2001 9:50:30 AM
From: michael97123	Respond to of 70976

ECRI future inflation gauge dips to 107.4 in April NEW YORK, May 4 (Reuters) - The Economic Cycle Research Institute (ECRI) said on Friday its monthly U.S. future inflation index (USFIG) fell to 107.4 in April from a revised reading of 109.6 in March. It was the twelfth straight decline in the USFIG. The smoothed annualized growth rate fell to negative 15.8 percent in April from negative 14.1 percent in March. ``Inflationary pressures are now retreating at the fastest pace in ten years, underscoring the likelihood of a cyclical decline in inflation this year,'' the report said.

To: michael97123 who wrote (46202)	5/4/2001 10:03:14 AM
From: advocatedevil	Respond to of 70976

FWIW, I covered my LRCX at $26.25. I'll lock in the 10% and continue holding AMAT short for the moment. AdvocateDevil

To: michael97123 who wrote (46202)	5/4/2001 10:39:03 AM
From: Tony Viola	Read Replies (1) \| Respond to of 70976

Michael, that jobs drop announced today was huge, but I'd like to know who thought the jobs delta would be positive. New layoff announcements have been coming almost daily in the last couple of months. Another case of a statistical prediction, and those things lead the Fed around by the nose, being totally wrong. I'd be afraid that the huge jobs loss would really undermine consumer confidence again, causing people to spend less, especially on discretionary items like computers, cell phones, etc. Of course, that doesn't help semi sales, which won't help profits, which won't cause high tech companies to start hiring again any time soon. Vicious circle.