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To: Baton who wrote (30815)8/15/2006 9:55:44 AM
From: Bucky Katt  Respond to of 48461
 
It hit the apex sooner than I thought. Now it will wallow around for a bit.



To: Baton who wrote (30815)8/15/2006 10:08:47 AM
From: Bucky Katt  Respond to of 48461
 
Bob Pisani is on it again today, explaining to us turnip farmers how the big guys are up in the Hamptons directing their people on what to do on 'important' days like this!
How does he know they are on their laptops watching the action, and not in the pool?

Because he gets e-mails from these generals of Wall Street power, by gosh...



To: Baton who wrote (30815)8/15/2006 3:39:17 PM
From: Bucky Katt  Respond to of 48461
 
This is interesting, from the Big Picture re the ppi>

A closer look reveals how this happened: Vehicle prices fell 2%, with Car prices down 0.8%. But the real action was in dropping Light Truck prices: Given Q2 surge in Oil and gasoline, its no surprise that light truck prices fell 3.1%. I expect to see this metric to be under continued pressure for the foreseeable future.

The drop in Car and Truck prices accounts for nearly the entire decline in the core PPI.

Prices for oil and other materials continue to rise; WSJ noted that "Deeper in the production pipeline, prices increased. Prices of raw materials, also known as crude goods, rose by 3.1% in July after declining 1.7% in June. Intermediate goods prices increased 0.5% after climbing 0.7% in June."

Prices of metals and chemicals continued to rise. These price increases include a 4.8% rise in energy materials, and a 1.3% gain in prices of industrial materials.