This article is brought to you by:
CONSENSUS
COMMODITY REVIEW AND OUTLOOK
195 Route 6A, Suite 6, Orleans, Massachusetts
800-634-3194(March 7, 2002) STOCK INDICES: Another impressive day in stocks, as the Fed's Beige Book showed an improvement in most parts of the U.S. in 2002. Also supportive was the factory orders report, which showed a rise of 1.6%, about as expected and better than December's 0.70% rise. Spring and Nextel were solid performers.
Caution is advised if long. While action is positive, Friday's jobs data could easily derail this rally. In addition, it has paid to be long over the past week. Now maybe it will pay to take profits. While one cannot count out new highs from here, a pullback may be very much in its near term future. Don't forget the seesaw. When everyone starts trying to get on the side going up, it goes down.
M. Steven Morgan www.commodityreview.com
Hosted by:
CONSENSUS, INC. AND INVESTORS
CO-OP
P.O. Box 520526
Independence, MO 64052-0526
816-373-3700
Fax: 816-373-3701
editor@consensus-inc.com