OTCQX:SREMF - Post by User
Post by
MAGICLENSon Sep 24, 2002 4:23pm
354 Views
Post# 5458828
Targets Remain
Targets Remain
DOW 5000
Naz 800
Drop in economic indicators is widespread. Index has fallen for three straight months - dipping. Seven of ten index components declined, only three advanced. Most positive indicator, money supply, is a product of the Fed's current "easy money" policy. And the other two positive indicators, manufacturing work hours and stock prices will turn negative soon. Naz just hit a six-year low today. And manufacturing hours are positive only because of lay offs! Jobless claims, vendor performance, new orders for nondefense capital goods, building permits, manufacturers' new orders for consumer goods, consumer confidence, and interest-rate spread all contributed to overall negative reading.