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To: Terry Maloney who wrote (282502)	4/2/2004 9:09:05 AM
From: Michael Watkins	Respond to of 436258

well you know how the old saw goes... get 10 economists in a room and you'll get 23 opinions... But it seems that business had been signaling this (biz improvement) for some time. No doubt the big rally last year was on this expectation... the failure to hold the highs in January was no doubt in part due to pent up exasperation that the jobs situation was not showing improvement. So now they have it and it looks like this intermediate trend will continue up... for at least a day anyway ;-) Now to find the end of this little trend.