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

To: Softechie who wrote (35647)	3/1/2002 3:22:32 PM
From: pompsander	Read Replies (1) \| Respond to of 99280

Looking at the economic numbers now. Frankly, the implied strength in the old NAPM numbers (I'll never call them anything else) is pretty remarkable. It looks like companies closed out their year end books, turned around and put in their orders! A new year, a new budget! Auto figures from Ford are o.k., GM surprisingly good. Even Ford is kicking up production. Suddenly component makers are getting orders and pushing orders downstream. These waves, once begun, cause everyone to sit up, take notice, and maybe push their buttons on buying decisions so as not to be caught in the suddenly coming "backlogs" of parts and compoents. Consumer confidence does not worry me at this point. Attitude will shift quickly if economic rebound begins to be felt.