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

To: DebtBomb who wrote (24764)	1/17/2003 9:57:31 AM
From: Softechie	Read Replies (1) \| Respond to of 30712

From It's not as bad as it looks dept: Michigan sentiment lower than expected The Univ of Michigan consumer sentiment index came in at 83.7 in early January, down from 86.7 in December and below the 87.0 consensus. This slight reversal of the last few months' uptick is not a great concern and is consistent with indications that the labor market remains sluggish. A significant uptick in confidence is unlikely until job growth picks up. Industrial production weaker than expected Production fell 0.2% in December instead of the 0.2% increase that the market had expected; the capacity utilization rate fell to 75.4% vs the 75.7% consensus. Weakness was centered in the motor vehicles category which has been quite volatile and fell 4.7% in Dec after a 4.3% increase in Nov. Excluding this category, production rose 0.2%. This report is unlikely to have much impact as it shows only that manufacturing remains sluggish, but probably is not pointing to a new round of weakening. THEY KEEP FACKIN LYING TO THEMSELVES...WAKE UP AND SMELL THE COFFEE!!!