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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (9146)	3/2/2004 10:55:51 AM
From: justwhatuwant	Respond to of 110194

Briefing Market Update [Mar02, 2004] : ------------------------------------------------------------------------ 10:25AM : Challenger, Gray & Christmas reported that layoff announcements in February were 77,250, down 34% from 117,556 in January, and down 44% from February of last year...this is clearly a substantial improvement, but the layoff data has not correlated well with monthly payroll figures...the market improved dramatically on the ISM survey on manufacturing employment, but has gotten no spark from this data...still, it is likely to reinforce expectations of a decent gain in February nonfarm payrolls to be reported this Friday...that would be the sixth straight monthly gain, although at moderate levels overall...NYSE Adv/Dec 1415/1429, Nasdaq Adv/Dec 1377/1324 ------------------------------------------------------------------------