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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: carepedeum2000 who wrote (13096)	5/15/2003 9:36:47 AM
From: KevinThompson	Respond to of 13660

Shocking how resilient this market is to poor economic news. But yet, we rally, led by the futures market. Again! Anyone else thinking this getting a little worn out? 09:16 ET Industrial Production at -0.5% consensus -0.4%; Capacity Utilization at 74.4% consensus 74.5% 08:40 ET Economic Data April producer prices plunged -1.9% as the core also impressed with an -0.9% decline to leave annual PPI up 2.4% and the core -0.2% from a year ago. May 10 initial claims fell -13K to 417K which is modestly encouraging but still well above the 400K level consistent with flat payrolls. March business inventories rose 0.4% and given the 1.8% rise in sales the inventory to sales index fell to 1.38. Relatively little reaction in pre-market indicators.

To: carepedeum2000 who wrote (13096)	5/15/2003 10:13:04 AM
From: carepedeum2000	Respond to of 13660

so much for my "gap down" guess, i guess we need some "good news" so we can get some selling, bad news gets buying, go figure, still think we will see some red before the day is over