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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17580)	1/2/2002 11:17:03 AM
From: Sully-	Respond to of 99280

US manufacturing seen gaining momentum in H1 2002 (UPDATE: Adds detail, comments) NEW YORK, Jan 2 (Reuters) - A strong rise in a monthly survey of manufacturing activity suggests that the hard-hit sector should regain momentum in the first half of 2002, the head of the Institute for Supply Management's (ISM) Business Survey Committee said on Wednesday. ISM reported its monthly index of manufacturing business activity rose sharply to 48.2 in December from 44.5 in November, providing more hope for a U.S. economic rebound this year. Any reading below 50 denotes contraction, while a number above 50 suggests growth. ``It's very positive for the overall economy,'' said Norbert Ore, head of the ISM committee. ``It would certainly give indication that during the first half of the year here we're going to see manufacturing regain some momentum. Whether it's going to be sufficient that we see overall growth in manufacturing is going to be a question,'' Ore said. The survey now stands well above 10-1/2 year lows hit in October after the Sept. 11 attacks but indicated a 17th straight month of contraction -- the longest since the 1990-1991 recession. But the survey's components showed expansion in new orders and increased production even while inventories continued their deep decline, suggesting that manufacturers have room to boost production further. The new orders index rose to 54.9 in December from 48.8 in November -- the highest since April 2000. ``I think we're probably at a level now where we've probably got most of the major inventory liquidation behind us and I think that's very positive. I think that's one of the reasons that we're seeing new orders come back,'' Ore said. biz.yahoo.com

To: Zeev Hed who wrote (17580)	1/2/2002 11:19:41 AM
From: TREND1	Read Replies (1) \| Respond to of 99280

do you see emlx breaking out to new high of the day? do you see the very low vol, so far?

To: Zeev Hed who wrote (17580)	1/2/2002 11:22:50 AM
From: hotlinktuna	Respond to of 99280

My HSIC hitting new hod here at 37.25 +.22 looking good so far....tuna