Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (16186)	8/27/2002 9:10:18 AM
From: AugustWest	Respond to of 17639

(COMTEX) B: Durable goods orders jump 8.7 percent B: Durable goods orders jump 8.7 percent WASHINGTON, Aug 27, 2002 (United Press International via COMTEX) -- The Commerce Department on Tuesday reported that new orders in July for big-ticket items posted their largest increase since last October one month after posting the largest decline in seven months during June. The government agency said new orders for durable goods jumped 8.7 percent in July to $179.7 billion after plunging 4.5 percent in June, which was its largest decline since a 5.9 percent decrease posted in November of last year. Economists on Wall Street were expecting orders for durable goods -- items meant to last three years or longer -- to rise by 1.5 percent during the month. The latest report from the Commerce Department showed new orders excluding transportation equipment rose 3.9 percent in July after dropping 3.1 percent in June. Economists had expected orders excluding transportation equipment to rise 1.0 percent. The report no longer includes orders for semiconductors because some chipmakers have stopped taking part in the voluntary survey. Inventories of durable goods, which fell 0.5 percent during June, fell 0.4 percent. Shipments rose 3.1 percent after dropping 1.4 percent a month earlier. Orders for non-defense capital goods excluding aircraft, jumped 8.1 after falling 6.3 percent in June. Shipments, a proxy for business investment in equipment and software, rose 3.0 percent after falling 2.1 percent a month earlier. The report showed machinery orders surged 11.8 percent after sinking 8.3 percent in June. Orders for computers and electronic products rose 3.9 percent after declining 4.6 percent a month earlier. Communications equipment orders jumped 10.4 percent after falling 12.9 percent in June. Orders for transportation equipment, which declined 5.8 percent in June, surged 20.8 percent in July. Bookings for motor vehicles rose 7.5 percent after falling 3.4 percent a month earlier and orders for commercial aircraft, which plunged 46.8 percent in June, surged 121.6 percent. The report also showed orders for defense hardware fell 14.3 percent in July after rising 18.2 percent in June. Copyright 2002 by United Press International. -0- SUBJECT CODE: 04008004 * end of story *

To: Oral Roberts who wrote (16186)	8/27/2002 9:12:25 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 17639

It will be interesting to see how the market reacts about 1/2 into the open. We have consumer confidence coming out at 10am and an argument can be made that the news is priced into the market. Comments by INTC's Craig Barrett could put a damper on things. I expect the spike on the open from the panic buying, but if what we were suggesting about this rally running on fumes, the upside should be limited despite the news. If the trendlines/wedgies don't contain the rally, we probably need to reevaluate where we are going. Pinwheel grub