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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (53482)	9/17/2002 9:26:35 AM
From: The Freep	Read Replies (2) \| Respond to of 209892

Geez, Paul, give us the REAL story (per Briefing.com <g>) 09:17 ET August Industrial Production weaker than expected : Production fell 0.3% in August, below the +0.2% consensus and ending a streak of eight straight increases. However, the news was not as bad as the headlines suggest; the July increase was revised up to 0.4% from 0.2%, and August weakness was focused in two areas: autos -1.4% and utilities -2.5%. Given record low inventory/sales ratios, weakness in August production is quite likely an aberration. There ya go. Forget the streak of 7 months of growth. It's just an aberration. the freeeeeeep