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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (26671)	5/31/1999 12:17:00 AM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 50167

IQ- My charts say the long term trend is down in the nets and techs...but short term we may have another leg up..I do think we'll test lows soon though....Your thoughts? B*

To: IQBAL LATIF who wrote (26671)	5/31/1999 2:22:00 PM
From: Lee	Read Replies (2) \| Respond to of 50167

Hello Ike,..Re:.I see a lot of alarming developments within numbers as such I am very cautious...and just wanted to explain your very rightly inserted 'g's' The numbers tell one story yet the chart trends illustrate another more accurate story.<g> Consumer spending trend. stls.frb.org The Chicago PMI was down yet some anecdotal evidence shows brisk business in some sectors. REALITY CHECK: US HOME DURABLE EXECS SAY APRIL 'OUTRAGEOUSLY' HIGH economeister.com But the big shocker was the 18% increase in April for industrywide shipments of washing machines, ovens, dishwashers and other so-called white goods that are the essential components of most homes, according to the Association of Home Appliance Manufacturers (AHAM). Only half the large increase in CPI was attributable to crude prices, the rest was increased costs for apparel, fruits and veggies, recreation and travel and other. stats.bls.gov Other interesting charts from FRED - St. Louis Federal Reserve. stls.frb.org Real GDP, Ind. Production & NAPM stls.frb.org Economy at a Glance stls.frb.org GDP stls.frb.org manufacturing output & capacity utilization Maybe there's something in the government reports for everyone?<g> I'm told all the time about how the economy is slowing down!<g> They quote a -2.3% durable goods number for evidence! I find it amazing that anyone actually believes this.<gg> Best, Lee