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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: marc ultra who wrote (48497)7/10/2010 12:50:33 AM
From: marc ultra  Respond to of 95656
 
ECRI WLI down again. My guess is this may be the bottom for now as I think we'll see an uptick due to the market rally which is a component. Don't know if it would have been factored into today's report at all.

WLI Growth Falls Further

Reuters
July 09, 2010

(Reuters) - A measure of future U.S. economic growth fell to the lowest since July 2009, indicating that the economy will continue to slow, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 121.5 for the week ended July 2, down from 122.3 in the prior week. That was the lowest level since July 24, 2009 when it stood at 120.3. The index's annualized growth rate fell to -8.3 percent after a -7.6 percent growth rate a week earlier.