The San Diego Union-Tribune Don Bauder column
OUTLOOK DESPITE GRIM OK foundations: The stock market fundamental data are mixed. Technical data signals are usually dark.Yesterday was a disaster all around. The Nasdaq closed under its post-Sept. 11 closing low.
Still, on the merits, the economy continue to give positive signals off reasonable. Yesterday, Arizona-based Institute for Supply Management said its index of activity rose by 56.2 per cent in June from 55.7 in May.
Anything that means more than 50, manufacturing expanded. This is the fifth month of industrial expansion right after a long and dreary time was that the proximity of a depression.
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