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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (9787)	1/11/2002 12:22:52 PM
From: AugustWest	Respond to of 23786

Something to be said about raising stops until you are stopped out rather then trying to WAG what the market god's are going to do:) That's why I like the NAZWAG. Lets me get my sentiment out of my system, I try to be flexible with the trades during the day. But like you, I've been bearish for so long now(since 1800 or so) I can't, just can't jump ship just yet. OUCH!<G>

To: Oral Roberts who wrote (9787)	1/11/2002 12:28:11 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 23786

qui·es·cent (kw-snt, kw-) adj. Being quiet, still, or at rest; inactive. See Synonyms at latent (interesting choice of words....I think she contradicts herself) Reuters Finance News Wholesale Prices Fell in December Jan 11 11:08am ET By Anna Willard WASHINGTON (Reuters) - U.S. wholesale prices fell in December for the third straight month, the government said on Friday in a report showing inflation was contained as the sluggish global economy kept imported energy prices down. The Producer Price Index -- a measure of costs at the factory door and farm gate -- tumbled a steeper-than-expected 0.7 percent, the Labor Department said, giving the Federal Reserve leeway to cut interest rates again if needed without triggering a jump in prices. Wall Street economists were expecting a drop of just 0.2 percent compared to the decline of 0.6 percent prices posted in November. "It's certainly a good sign as far as future pipeline inflation is concerned. The goods side of the inflation equation is very encouraging," said Alan Ruskin, Research Director at 4Cast Ltd., New York. There was also a fall in prices excluding the volatile food and energy sectors, with so-called core wholesale prices dropping 0.1 percent. Analysts were expecting the core to rise 0.1 percent. Gasoline prices continued their downward spiral, falling 8.2 percent. The price of passenger cars tumbled 0.7 percent following a rise of 0.9 percent in November. In 2001 as a whole, prices fell 1.8 percent, the biggest decline since 2.3 percent in 1986. The report also showed there is little sign of inflation coming down the pipe. Intermediate prices for items like lumber and plastics that are used to make other goods fell 0.9 percent in December after a 0.5 percent drop in November. Prices for crude goods, or raw materials like logs and metal ores, fell 9.5 percent after a rise of 7.3 percent in November. Crude petroleum costs plunged 21.6 percent, the biggest decline since February 1991. The Federal Reserve's policy arm is due to meet on Jan. 29-30 to discuss whether to reduce interest rates after loosening monetary policy 11 times last year. "We are in a low-inflation environment and it is appropriate for the Fed to have low interest rates in that kind of environment," said Gary Thayer, Chief Economist, A.G. Edwards & Sons Inc., St. Louis. "We think there is a possibility for a rate cut at the next meeting." Financial markets welcomed the news, with U.S. credit futures extending gains to fresh six-week highs after the tamer-than-expected report indicated inflation will not be an impediment for the Fed. A Reuters poll carried out last week found 18 of 24 primary dealers believed the Fed will cut its benchmark federal funds rate by a quarter-percentage point at its next meeting. Fed Chairman Alan Greenspan is due to deliver a key speech later on Friday and markets will be watching closely to see if he gives any hint about the future direction of interest rates. Also speaking on Friday, Federal Reserve Bank of Boston President Cathy Minehan said inflation was "truly quiescent" in 2001 and is expected to decline further this year. She disagreed with concerns voiced in some quarters that the U.S. economy faced the risk of deflation. "This is a low inflation environment, and not the downward spiral usually thought of as deflation," Minehan said.