Re: [CANSLIM] Worley's Weekend Weeview

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Sun, 6 Oct 2002 11:32:09 -0400

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ISM (Institute of Supply Management, formerly known as NAPM - Nat'l Assn =
of Purchasing Managers) produces two major monthly reports, one on =
manufacturing, and one on the service sector.  Both reports (indexes) =
consist of a number of sub-components, including an employment factor =
which is used to measure increase / decrease in actual jobs.  Both =
reports this week showed that more jobs were being lost in Sept than in =
Aug, even tho the service sector report showed a strong gain overall. =
For some years now, the manufacturing sector has been losing jobs while =
the service sector has been gaining. It's unusual for both to lose jobs, =
and dovetails with most other employment data (except for Labor's =
reports).

here's CNN's version of the report
http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/index.htm

- ----- Original Message -----=20
From: Ann=20
To: canslim@lists.xmission.com=20
Sent: Sunday, October 06, 2002 11:19 AM
Subject: Re: [CANSLIM] Worley's Weekend Weeview


Tom, can you please explain this paragraph?

Thanks,

Ann

ISM reports that September service sector growth jumped a full 3 =
percentage points to 53.9%, eighth straight month of growth, and well =
over expectations of a gain to 51.4%. As mentioned above, the rate of =
layoffs accelerated with the employment factor down to 46.6% from 47.3%, =
the 19th straight month of job losses.


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<DIV><FONT face=3DArial>ISM (Institute of Supply Management, formerly =
known as=20
NAPM - Nat'l Assn of Purchasing Managers) produces two major monthly =
reports,=20
one on manufacturing, and one on the service sector.&nbsp; Both reports=20
(indexes) consist of a number of sub-components, including an employment =
factor=20
which is used to measure increase / decrease in actual jobs.&nbsp; Both =
reports=20
this week showed that more jobs were being lost in Sept than in Aug, =
even tho=20
the service sector report showed a strong gain overall. For some years =
now, the=20
manufacturing sector has been losing jobs while the service sector has =
been=20
gaining. It's unusual for both to lose jobs, and dovetails with most =
other=20
employment data (except for Labor's reports).</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>here's CNN's version of the report</FONT></DIV>
<DIV><FONT face=3DArial><A=20
href=3D"http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/in=
dex.htm">http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/i=
ndex.htm</A></FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dannholly@attbi.com href=3D"mailto:annholly@attbi.com">Ann</A> =
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Sunday, October 06, 2002 11:19 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Worley's Weekend Weeview</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Tom, can you please explain this =
paragraph?</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Thanks,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Ann</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>ISM reports that September service sector growth =
jumped a=20
full 3 percentage points to 53.9%, eighth straight month of growth, and =
well=20
over expectations of a gain to 51.4%. As mentioned above, the rate of =
layoffs=20
accelerated with the employment factor down to 46.6% from 47.3%, the =
19th=20
straight month of job losses.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=3D2></FONT>&nbsp;</DIV></BODY></HTML>

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