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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Saulamanca who wrote (25576)	12/5/2001 8:11:43 PM
From: Saulamanca	Read Replies (1) \| Respond to of 52237

NON-MANUFACTURING BUSINESS ACTIVITY napm.org Anirvan Banerji NAPM nonmanufacturing 12/05/01 5:00 PM ET Re. Herb on stocks, what he says makes sense. I got some calls today about the "hugely positive" fundamentals in the NAPM jumping from 40 to 51. But this is hardly great news except in contrast with expectations, or if you want to ignore what Norbert Ore of the NAPM actually said, and rationalize today's jump in stock prices. The NAPM is a diffusion index, which had a record plunge in October, with a net 60% of respondents reporting that things got worse post 9/11 and 40% saying they got better. In November, a net 51% said things were better than in October, but 49% said they were worse, i.e., they were pretty evenly divided, so things basically stayed at the dismal October levels. That's good news? thestreet.com