Capacity Utilization

http://econ161.berkeley.edu/movable_type/2003_archives/002727.html

We hear a LOT from pundits, BUSH, and other officials of how the 2001 "recession was mildest in history".

But let me add this statistical FACT, the recovery from that recession has also been the WEAKEST in history!

Add to that the HISTORICAL stimulus and FED easing which followed the bursting of the speculative stock buuble, and you have a better feel for what we are now faced with.

Has the weakness in the market been predicted by Dow Theory as Richard Russell points out (Dow Theory Letters) we have the largest non confirmation in the Industrials and Transoorts averages, be very careful, IMHO

Duratek