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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Beachside Bill who wrote (15440)	4/2/1998 7:41:00 AM
From: the Druid	Respond to of 94695

Soaring Economy So Far Shrugs Off Asia Woes dailynews.yahoo.com WASHINGTON (Reuters) - A quickening pace of manufacturing in March, reported by the nation's purchasing managers Wednesday, and record construction activity suggested that a resilient domestic economy was shaking off any drag from Asia's crisis. A third report showed a key forecasting gauge posting a sharper-than-expected February gain that analysts said meant the expansion has more room to run -- notwithstanding the hopes of Federal Reserve policy-makers that it will lose a step. The National Association of Purchasing Managers said its closely watched monthly index rose to 54.8 in March from 53.3 in February, well ahead of a consensus estimate of 52.9 made beforehand by economists polled by Reuters. ************* Together with the silence of Greenpants and Fed, and the euphoric market, we may see DOW at 10000 and average P/E of SP500 over 30 soon. Should this happen, the market is headed for a rude awakening.