Friday, July 28, 2006

FRI AM DATA ALERT

GDP CAME IN AT 2.5, EMPLOYEE COST INDEX UP .9% AND HAS BEEN RISING STEADILY.
SO WE HAVE A SLOWING ECONOMY, COSTS OF KEEPING EMPLOYEES RISING SHARPLY, AND INFLATION IS IN THE AIR!
WHAT IS MORE IMPORTANT THAN THE DATA, IS TRADER REACTION. WITH THE TRANSPORT INDEX BREAKING DOWN BADLY, CAUTION IS ADVISED

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