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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: AC Flyer who wrote (21302)7/16/2002 10:08:40 AM
From: AC Flyer  Read Replies (1) | Respond to of 74559
 
Contrarian report part deux.

Irrational selling continues. Meanwhile, in the real world:

>>WASHINGTON (AP) - Industrial production jumped by 0.8 percent in June, the sixth straight monthly increase after being hit hard in last year's recession.

The Federal Reserve's report released Tuesday suggested that the manufacturing sector is rebounding solidly. The June increase was the largest since October 1999.

The 0.8 percent advance in output at the nation's factories, mines and utilities was stronger than the revised 0.4 percent gain in May. The Fed had previously estimated a 0.3 percent gain.

Output at factories also posted a sixth consecutive monthly increase, rising 0.7 percent in June. Output at mines expanded 1.1 percent and production at utilities increased 1.6 percent.
<<

All goldbugs and shorts betta hava finger on the trigger, 'cause if you think the Dow's goin' to 6,000 and POG to $400, you're gonna get KILLED.



To: AC Flyer who wrote (21302)7/16/2002 10:12:56 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi ACF Mike, I am bullish, in a manner of speaking, for a little while, in time to claim Christmas tidings, and slip back into the night, to survive the secular bear slumber:

Message 17738578

Chugs, Jay



To: AC Flyer who wrote (21302)7/16/2002 12:43:35 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<Own a lot of GM. Buying more.>

Good luck... investing 101: Cyclical stocks top out at the top of the cycle, when earnings are great and PE's are single digit.

DAk