GregFokker Posted June 17, 2003 Report Share Posted June 17, 2003 9:15am 06/17/03 U.S. industrial output shows small gain in May By Rachel Koning U.S. industrial output barely expanded in May, but without the drag of weaker car production, would have increased more last month, Federal Reserve statistics showed Tuesday. U.S. industrial output rose 0.1 percent that month, rather than the average forecast in a CBS MarketWatch poll for a 0.1 percent drop. April was revised to show a slightly larger 0.6 percent drop. Capacity use remained unchanged last month from April, at 74.3 percent, meaning roughly 25 percent of U.S. plants remain idle. Manufacturing output increased 0.2 percent and without cars would have increased 0.3 percent. Durable goods production ex-autos expanded 0.5 percent, for the first increase in several months. Utilities output contraction of 0.8 percent offset a 0.8 percent rise in production at the nation's mines. Link to comment Share on other sites More sharing options...
crooked_analyst Posted June 17, 2003 Report Share Posted June 17, 2003 9:15am 06/17/03 U.S. MAY INDUSTRIAL OUTPUT +0.1% VS. -0.1% FORECAST 9:15am 06/17/03 US APRIL INDUSTRIAL OUTPUT REVISED TO -0.6% VS -0.5% 9:15am 06/17/03 U.S. MAY FACTORY OUTPUT +0.2%; EX-AUTO +0.3% 9:15am 06/17/03 U.S. MAY CAPACITY USE UNCH. AT 74.3% Link to comment Share on other sites More sharing options...
DrStool Posted June 17, 2003 Report Share Posted June 17, 2003 Anals pre market update. Click Here Link to comment Share on other sites More sharing options...
longOnUranus Posted June 17, 2003 Report Share Posted June 17, 2003 good heads up on MSFT, WNDY & others. sold my small position of SEP SPX puts on move over 1k. Totally flat, stilla lot of dry powder. If I go long, will be for quick profits only, even PM's. No cajones to buy and hold. I think K wave may be rite, but speaking of cahones, I would like to see how many bulls have balls when the second half recovery does not materialize, or we get sufficient bad data to cause a pull back. Unlike late 90's, the bulls are hedges (not the public) and the propensity for profit taking lies in shallow water beneath the surface of this POS. If a decline back to 950ish is vigorously bought, I may be convinced we are in the mid-30's psychologically. Recall the 300% rise was from (many issues) 90% decline levels, and undeniable capitulation . We haven't seen anything resembling this yet. Link to comment Share on other sites More sharing options...
crooked_analyst Posted June 17, 2003 Report Share Posted June 17, 2003 As has been mentioned numerous times by various Stoolies, NO Rally can be official without the participation of MSFT.....today is that day....."Gentlemen, Start your engines". Link to comment Share on other sites More sharing options...
flufflander Posted June 17, 2003 Report Share Posted June 17, 2003 This pos market can't go down hard enough or fast enough for me. Link to comment Share on other sites More sharing options...
BeerMarket Posted June 17, 2003 Report Share Posted June 17, 2003 bulls look a little tired out of the gate. Of course TYC had that great news about restating 5 years of earnings, so it may finally break 20. Link to comment Share on other sites More sharing options...
GregFokker Posted June 17, 2003 Report Share Posted June 17, 2003 This pos market can't go down hard enough or fast enough for me. Same here, unfortunately. Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2003 Report Share Posted June 17, 2003 Anyone who might have missed K-Wave's comments in M2M last night oughta go read them. Yes, agree it was an excellent post Fokker....basically if your T/A ain't working, time to overhaul it.....couldn't agree more.. Link to comment Share on other sites More sharing options...
mjkst27 Posted June 17, 2003 Report Share Posted June 17, 2003 If the theory that we are in some sort of higher-degree downturn than we were in in the 1930's holds true, i.e. that this is a "Grand-Supercycle" inflection point rather than "just" a "Supercycle" inflection point, then the 1930's experience may yield few clues as to what comes next. You'd have to go back and look at the John Law/South Sea Company bubble for clues, and unfortunately there are no neatly charted stock market indicia from those days. Link to comment Share on other sites More sharing options...
BeerMarket Posted June 17, 2003 Report Share Posted June 17, 2003 SNDK - WTF? News didn't look that good, bwdik. Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2003 Report Share Posted June 17, 2003 Well, we're already 9 min into the trading day and this thing can't do better than 30 dow points. What rally? Link to comment Share on other sites More sharing options...
DICK BUTTkus Posted June 17, 2003 Report Share Posted June 17, 2003 Comstock boys echo Fleckenstein's observations (see Gladiator's opening this morning): "The sentiment numbers just released point to a potential ending of the current stock market rally soon. The bullish-bearish ratio compiled by Investor?s Intelligence jumped to 3.6, the highest level it has reached since just months before the stock market crash in 1987. The bullish sentiment climbed to 58.7% while the bearish sentiment dropped to a 16-year low of 16.3%. The most important volatility measures (VIX, VXN, and QQV) are all close to multi year lows. These are measures of investor?s fear, and when they trade down to the lower part of their range it indicates a low level of fear among investors and traders. Although they are not precise timing indicators, these sentiment figures denote a rally that is at a mature stage with minimal upside and potentially dangerous downside. This is particularly so when the market is so highly overvalued and the economy continuing in the doldrums." http://www.comstockfunds.com/index.cfm?act...roup=Home&aol=1 Link to comment Share on other sites More sharing options...
Brisbane Bear Posted June 17, 2003 Report Share Posted June 17, 2003 fits Docs distribution top scenario to a T,now that they have sucked in all the mugs...what do merrill and morgan say....we are reducing our equity holdings to 65%...thanks suckers.... Link to comment Share on other sites More sharing options...
seamus Posted June 17, 2003 Report Share Posted June 17, 2003 from realmoney.com Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.