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To: sun-tzu who wrote (129972)10/17/2001 8:29:19 PM
From: sun-tzu  Read Replies (1) | Respond to of 436258
 
Best and Worst Sectors...10/17/01

-------------- On ----------------- On --------------
Index ... 10/17 ... 5 Day ... YTD ... Index ... 10/17 ... 5 Day ... YTD
-------------- ------ ----- ----- -------------- ------ ----- -----
Gold Mining In +1.4% +5% +9% .....Internet Index -7.8% +2% -57%
CRB Index +0.1% -1% -19% .....Semiconductor -7.4% 0% -26%
Oil Service In 0.0% 0% -40% .....Comp Software -6.7% 0% -50%
Pharmaceutical -0.1% 0% -11% ..... NASDAQ 100 -6.4% +1% -44%
Banking Index -0.6% +1% -14% ..... Biotech Index -5.6% +1% -24%
Healthcare Ind -0.6% 0% -12% Airline Index -5.1% -6% -59%
Real Estate iS -0.6% -1% +1% ..... Comp Hardware -4.5% +4% -42%
Oil Index -0.7% -2% -2% ..... NASDAQ Comp -4.4% +1% -33%
AMEX -0.9% -1% -8% ..... Technology Ind -4.0% +2% -29%
Consumer Index -0.9% -1% -13% ..... Comp/Tech Indx -3.9% +2% -28%



To: sun-tzu who wrote (129972)10/17/2001 10:23:06 PM
From: Mark Adams  Respond to of 436258
 
2:00 PM
ECONOMY TALK: Steel production remained very weak last week, consistent with the notion that the manufacturing sector remains in recession. Production fell to 1.707 million short tons in the week ended October 15th compared to 1.742 million short tons in the previous week. That's the lowest level since the end of last year. Capacity utilization also faltered last week, dropping to 72.2% from 73.5% a week earlier. Steel production could increase in the months ahead if reports of strengthening automobile sales continue. That would likely coincide with a an increase in industrial production, which has fallen for 12 straight months.

12:49 PM
ECONOMY TALK: Automobile sales appear to be running strong in October, driven by incentives (pun intended). According to CNW research, automobile sales are running at an 18 million annual rate. That's significantly above August, when sales ran at a pace of 15.6 million. If sales do indeed reach a pace of 18 million, October would be the strongest month since February 2000. Strength in automobile sales will likely help lift inudstrial production in coming months.

bondtalk.com

To give you some examples of his off-the-mark oratory, early in the speech he says, "Industry analysts suggest that motor vehicle sales were running close to August levels, and chain store sales were only modestly lower." I bring up that quote because once again, he appears to be relying on the dead fish community for his analysis.