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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: KevinThompson who wrote (21730)	8/1/2002 12:17:17 PM
From: KevinThompson	Read Replies (1) \| Respond to of 26752

Sheesh... These guys are really starting to bug me. They are so bullishly biased. (No, I'm not biased.. hehe) But really, they seem to pull a thin thread of silver out of any and all bad news there is. How much longer are they gonna keep inciting people to buy this market? From Briefing: "12:13 ET ISM/GDP relationship : Some feedbacks point to a misunderstanding of the ISM Index - the 50% breakeven for that index is for the manufacturing sector alone, which accounts for roughly 1/5th of the total economy. The ISM notes that the historical ISM/GDP relationship indicates that 42.7% is the breakeven mark for the overall economy. It further notes that July's 50.5% reading is historically consistent with 2.8% GDP growth, and the Jan-Jul average of 53.8% corresponds with 4% GDP growth. In short, the ISM is not even close to suggesting a double dip recession at this point."