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

To: Raymond Duray who wrote (4029)	6/7/2001 12:52:26 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 33421

It seems to me Art Cashin had been fairly bullish well into the Naz decline....and he's bearish now? I have not been watching CNBS for some time, so please correct me if I'm wrong.

To: Raymond Duray who wrote (4029)	6/7/2001 4:45:05 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Art Cashin definitely comes up with some gems, in terms of saying, and he has some very preceptive insights as to what levels, and events are important on the street. the German economy is slowing down....... Deputy Federal Labour Office chief Heinrich Alt says the decline in West German unemployment is due to slower economic growth. Adds that "Clearly the trend of falling unemployment in the west has not just stopped, but the economic slowdown means (unemployment) is even beginning to rise." German unemployment rose a higher than expected 18K in May from April to a s/a 3.829 mln, the fifth consecutive increase. German manufacturing orders fell a sharper than expected 1.1% in April from March, down 1.6% y/y. April decline was the fourth in a row.