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To: AllansAlias who wrote (18581)10/31/2001 8:34:40 AM
From: Lee Lichterman III  Respond to of 209892
 
08:31 ET Economic Data : Q3 GDP fell 0.4%, better than the consensus of -1.0%; final sales were actually unchanged, indicating that an inventory drawdown was responsible for the decline. This report should be positive for stocks today.

Futures spiking up to yesterday's high thus far....

Good Luck,

Lee



To: AllansAlias who wrote (18581)10/31/2001 8:37:10 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
That report is a freakin' joke...an absolute lie....business was lame BEFORE Sept 11th....then literally, no housing sales, no tech companies closing deals, no travel/tourism for 3 weeks afterwards..that report is basically saying we were POSITIVE growth for the quarter (absent Sept. 11th effect). No freakin' way..

The revision of the revision will be nasty, but that's no help today...we gapping up at open it seems...



To: AllansAlias who wrote (18581)10/31/2001 8:40:20 AM
From: JRI  Respond to of 209892
 
PMI at 1358, up 16 pts. (1.2%)....that's still around the high yesterday no? (not above)

edit: Surging a bit now...up 19pts (1.5%)



To: AllansAlias who wrote (18581)10/31/2001 8:51:41 AM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
NQ01Z now at 1374, up +30 from yesterday's close

Whether people will sell the news is now the question.