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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: sciAticA errAticA who wrote (32718)	4/30/2003 10:16:25 AM
From: sciAticA errAticA	Read Replies (1) \| Respond to of 74559

10:00 ET Chicago PMI at 47.6 vs the consensus estimate of 48.5 : Apr Chicago PMI fell to a lower 47.6 as new orders fell 8 points to 44.6 and employment slipped to 43.7 vs previous of 45.1. Production lifted back above neutral to 51 but orders tell the story. All the regional manufacturing indices bode poorly for tomorrow's ISM release. The market has reacted negatively to the report but the averages are hovering close to the opening lows. 10:12 ET Greenspan text upbeat : The chairman says that the timing of the pickup remains uncertain, and that the end of the Iraqi war should ease economic tensions, after which the economy should grow at a noticeably better pace. However, lingering business caution may impede growth and business confidence has not improved after the war - though rising equities are encouraging. He cites claims as evidence that firms do not have the need for labor and lower energy prices as better for the consumer. Briefing.com ========== LOL!