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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (19862)	12/13/2002 10:27:51 AM
From: Oral Roberts	Read Replies (2) \| Respond to of 30712

It would be more funny if it wasn't the truth. Briefing even sensed the absurdity and allowed it into print this morning. They must be losing it:) 09:52 ET Sentiment improves slightly Michigan sentiment rose to 87.0 in early December from 84.2 in November; this was better than the 85.0 consensus. Though the market is reacting positively, this is beginning to look like a tail wagging the dog story. Confidence appears to be tracking the market in recent months, falling through the summer and early fall, and then recovering since the market bottomed in early October. So it's a bit ironic that the market then reacts to the sentiment numbers which the market itself appears to be influencing. The improvement in sentiment can be considered slightly good news, but it's important to note that spending has been showing little relation to sentiment this year.