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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (35652)	4/4/2003 12:40:07 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

gee, you aren't sounding too bullish on tech

To: AugustWest who wrote (35652)	4/4/2003 1:11:19 AM
From: Lazarus_Long	Read Replies (1) \| Respond to of 57110

THe follow-up to that: The Good, the Bad, and the Ugly The Good: stock prices have rallied. The Bad: the rally is artificial and prompted by direct intervention in the financial markets. The Ugly: if intervention keeps up it sets up an artificial prop underneath the market that is subject to unexpected events and a severe crash. The news out this week couldn't be worse for the economy or profits. Listed below are a series of economic reports that indicate the economy is headed back into recession. 1) Chicago Purchasing Management Report drops to 48.4 from 54.9 2) ISM Manufacturing Report falls from 50.5 to 46.2 3) ISM Service Report drops from 53.9 to 47.9 4) Initial Jobless claims jump to 445,000, claims have exceeded 400,000 for the seventh consecutive week financialsense.com