U.S. Producer prices rose 1.1% - biggest rise in 9 years. Let's see what the spin doctors on C.N.B.C. make of this tonight. In particular that self opinionated twit who insists that everyone should "fill their boots" with stocks regardless of the situation and thinks that Y2K is - (to quote his most recent comment) - "medievial". Can't remember his name, but I'm sure you will know who I mean.

Anyway - Andy and co' - could be a good headline for the present situation - "get ready for the Y2K cannonball run"? Depends which cannon.

Cheers to all Pam (By the way - Mr Twit? is not on tonight - not yet anyway)

-- Pamela J Lawrence (pamela01@tpg.com.au), October 15, 1999

Answers

$ down 1.7 against the yen... Not Good.

-- Helium (Heliumavid@yahoo.com), October 15, 1999.

http://dailynews.yahoo.com/h/nm/19991015/bs/economy_inventories_1.html

riday October 15 8:55 AM ET

Business Inventories Rose In August

WASHINGTON (Reuters) - Booming U.S. business sales outstripped rising inventories in August and brought a closely watched ratio of inventories-to-sales to a record low, the Commerce Department said Friday.

Strong sales imply a continuing boost to economic growth from corporate restocking in coming months, especially with the holiday season approaching.

Total inventories held by manufacturers, wholesalers and retailers rose 0.3 percent to a seasonally adjusted $1.119 trillion after a matching 0.3 percent increase in July.

The monthly rise was above Wall Street economists' forecasts for a 0.2 percent rise in August inventories.

Sales jumped 1.3 percent to $845.22 billion in August -- the biggest monthly increase since a 1.6 percent gain in January 1997 -- after a 0.5 percent rise in July.

The inventory-to-sales ratio, which measures how long it would take to totally deplete stocks at the current sales pace, dropped to a record low 1.32 months' worth in August. It was at 1.34 months' worth in July.

Retail inventories rose in August by 0.8 percent to $359.45 billion after falling 0.4 percent in July.

Strong consumer demand has helped power economic growth and many businesses will be adding to their stocks of goods on hand throughout the fall in preparation for the Christmas sales season.

-- Helium (Heliumavid@yahoo.com), October 15, 1999.

"A prudent man sees danger and takes refuge, but the simple keep going and suffer for it."

Proverbs 22:3

-- good luck (Proverbs@thebible.com), October 15, 1999.

Will be exacerbated this moring when the servers tie up and then the phones. This will spill over to the rest of the year and lead next to the banks.

My personal opinion is: if you have been planning your future based on todays world, it is now time to plan your future world based on 1929. That means Stock up to help your helpless neighbors.

FEAR NOT!!!!!!!!!

-- D.B. (dciinc@aol.com), October 15, 1999.

Stock markets sliding down, as predicted. NAS -65, DOW now down 82, no, 89.

-- Old Git (anon@spamproblems.com), October 15, 1999.