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To: Oeconomicus who wrote (144508)8/1/2002 11:18:10 AM
From: GST  Respond to of 164684
 
"all you can do is look for real cash flow at low multiples and wait for the crowd to find you. Late-1970's style contrarian investing." Well said. The purchasing managers numbers are abetter real time indication of the economy than are gdp numbers. Not good.



To: Oeconomicus who wrote (144508)8/1/2002 11:27:23 AM
From: GST  Respond to of 164684
 
<<The index "declined, but still indicated growth as 12 industries reported improvement in July," said Norbert J. Ore, chairman of the ISM. "The decline ... was primarily driven by a weak showing in July's new orders, which may be due to a pause in inventory replenishmen>>
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