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

To: Jdaasoc who wrote (67841)	5/15/2002 6:13:47 PM
From: westpacific	Read Replies (1) \| Respond to of 99280

'Short Covering Soup' - lets hope the dollar does not crack first!!! Or terrorist decide they need revenge for their brothers slaughtered in Afganistan! Debt loads are not going away, bulls seem to forget this one fact, at some point the piper must be paid. For the good of markets - another bubble will just set the US up for total destruction!!!!!! All hope and a prayer, walking a fine line between recovery and disaster. As you overnight hold your bag of longs hoping news of an attack, bank failure in China or Japan or derivative implosion (a la Enron) does not wipe you out in one nice swoop. Ah the risk of bag holding longs!!! Sweet Dreams!!

To: Jdaasoc who wrote (67841)	5/15/2002 7:51:55 PM
From: LTK007	Respond to of 99280

briefing.com on April industrial production with my added bold-face to stress we are still just measuring refilling from over low inventory<<Highlights April Industrial production 0.4%, 75.5% capacity utilization. Key Factors Forth month of production gains tied largely to low inventories as new orders haven't yet provided a sustainable kick. Manufacturing output rose 0.3% as both mining and utilities rose near 1%. Both durable and nondurable manufactured goods sharing in the 2002 increase. Autos provided a 4.2% boost. Manufacturing ex-autos rose just 0.1%. Business equipment edged just 0.1% higher after back to back declines. Lifted by high-tech gains. High-tech, office equipment and semiconductor output continued to rise but at a slower pace than earlier in the year. Capacity utilization rose just 0.2% to 75.5%. Same sized rise in manufacturing capacity use to 73.9%. Capacity use remains extremely low which provides a drag on business investment spending. Big Picture Industrial production turned in to the black with the new year after a sharp and steady decline throughout 2001. The manufacturing sector appears to have risen out of the very deep recession as lean inventories provide the current force given the weak rise in new orders. A sustained upturn in production waits for stronger demand for manufactured goods (read business investment). Consumer demand has supported the upturn as business investment remains weak under the profit recession. Weakened global demand for capital goods adds to the lack of domestic capital spending. The result is tremendous manufacturing slack as capacity utilization begins to rise from the lowest rate in 20 years. Category Apr Mar Feb Jan Dec Industrial Production Total Index 0.4% 0.4 0.3 0.6 -0.4 Manufacturing 0.3 0.5 0.1 0.7 -0.3 Utilities 0.9 1.4 3.9 0.4 -0.9 Mining 1.1 -1.4 -0.7 -0.5 -1.6 Capacity Utilization Total Industry 75.5% 75..3 75.0 74.8 74.4 Manufacturing >>>