Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Tue, 8 Oct 2002 22:18:46 -0400
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I found comments coming out of the Longshoremen's Union tonight rather =
funny, as they describe the Taft Hartley Act as "anti-union" and went on =
to describe Bush as demonstrating the most favorable bias to =
manufacturing as any Prez has ever been. Wasn't Jimmy Carter (a Democrat =
as I recall) the last Prez to use Taft Hartley? And he was shot down in =
court, and had to rely on the TRO alone, and further court orders, to =
unsuccessfully try to stop a coal mine strike.
I don't mean to turn this board into a political one, even as quiet as =
it has been. But politics are also a part of "M", they play a role in =
all the war talk of Iraq, they play into the corporate governance =
issues, an election is coming in a month that could be significant in =
either restoring Republican control to the Senate and/or weakening their =
control in the House (and thereby affect Bush's ability to govern the =
way he wants). I personally think politics, or their bias at least, are =
very much at play in the economic reports lately coming from both Labor =
and Commerce Depts. I think Bush waited as long as he did so that the =
pain of the port closures would reach many sectors of the USA, and at =
least threaten layoffs across the board, in many industries, so as to =
mitigate the likely backlash from unions throughout the nation in the =
Nov elections. If they felt their jobs were being threatened by the =
Longshoremen's actions, one of the best paying and strongest unions ever =
in this great nation, then they might not react so strongly to the =
imposing of Taft Hartley.
- ----- Original Message -----=20
From: Logan, Scott L.=20
To: 'canslim@lists.xmission.com'=20
Sent: Tuesday, October 08, 2002 4:55 PM
Subject: RE: [CANSLIM] Worley's Weekend Weeview
Rocky,
Thank you for your comments.=20
My father has been in the transportation industry( trucking ) for 30 =
years. I have listened to many accounts of manufacturing facilities that =
were once shipping freight locally here in Texas move out of the =
country, or just go belly up not being able to match foreign prices( =
China, and Mexico in particular).
The unions are just tightening the noose around their own necks.
Scott
-----Original Message-----
From: Rocky Sanghvi [mailto:rs@mylodestar.com]
Sent: Tuesday, October 08, 2002 3:44 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Worley's Weekend Weeview
Scott,
I work extensively with Manufacturing companies throughout the country =
and I completely agree with your comments. =20
One of the lessons coming home to roost is that you cant have an =
economy based entirely on the Service sector. A society has to MAKE =
something tangible to have a thriving economy. =20
Rocky
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Tuesday, October 08, 2002 4:08 PM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Worley's Weekend Weeview
I don't think the American public has realized the effects of losing =
our manufacturing jobs. Thousands of good paying blue collar jobs are =
disappearing from our landscape. But I like most everyone else enjoy the =
low cost goods that American factories( and Unions ) have priced =
themselves out of.
-----Original Message-----
From: Tom Worley [mailto:stkguru@bellsouth.net]
Sent: Sunday, October 06, 2002 10:32 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Worley's Weekend Weeview
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>I found comments coming out of the =
Longshoremen's Union=20
tonight rather funny, as they describe the Taft Hartley Act as =
"anti-union" and=20
went on to describe Bush as demonstrating the most favorable bias to=20
manufacturing as any Prez has ever been. Wasn't Jimmy Carter (a Democrat =
as I=20
recall) the last Prez to use Taft Hartley? And he was shot down in =
court, and=20
had to rely on the TRO alone, and further court orders, to =
unsuccessfully try to=20
stop a coal mine strike.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I don't mean to turn this board into a political =
one, even=20
as quiet as it has been. But politics are also a part of "M", they play =
a role=20
in all the war talk of Iraq, they play into the corporate governance =
issues, an=20
election is coming in a month that could be significant in either =
restoring=20
Republican control to the Senate and/or weakening their control in the =
House=20
(and thereby affect Bush's ability to govern the way he wants). I=20
personally think politics, or their bias at least, are very much at play =
in the=20
economic reports lately coming from both Labor and Commerce Depts. I =
think Bush=20
waited as long as he did so that the pain of the port closures would =
reach many=20
sectors of the USA, and at least threaten layoffs across the board, in =
many=20
industries, so as to mitigate the likely backlash from unions throughout =
the=20
nation in the Nov elections. If they felt their jobs were being =
threatened by=20
the Longshoremen's actions, one of the best paying and strongest unions =
ever in=20
this great nation, then they might not react so strongly to the =
imposing of=20
Taft Hartley.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dslogan@gosafeguard.com =
href=3D"mailto:slogan@gosafeguard.com">Logan, Scott=20
L.</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>=20
</DIV>
<DIV><B>Sent:</B> Tuesday, October 08, 2002 4:55 PM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] Worley's Weekend Weeview</DIV></DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D640464520-08102002><FONT face=3DArial color=3D#0000ff =
size=3D2>Rocky,</FONT></SPAN></DIV>
<DIV><SPAN class=3D640464520-08102002><FONT face=3DArial color=3D#0000ff =
size=3D2> Thank you for your comments. </FONT></SPAN></DIV>
<DIV><SPAN class=3D640464520-08102002><FONT face=3DArial color=3D#0000ff =
size=3D2>My=20
father has been in the transportation industry( trucking ) for 30 years. =
I have=20
listened to many accounts of manufacturing facilities that were once =
shipping=20
freight locally here in Texas move out of the country, or just go belly =
up not=20
being able to match foreign prices( China, and Mexico in=20
particular).</FONT></SPAN></DIV>
<DIV><SPAN class=3D640464520-08102002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D640464520-08102002><FONT face=3DArial color=3D#0000ff =
size=3D2>The=20
unions are just tightening the noose around their own =
necks.</FONT></SPAN></DIV>
<DIV><SPAN class=3D640464520-08102002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D640464520-08102002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D640464520-08102002><FONT face=3DArial color=3D#0000ff =
size=3D2>Scott</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Rocky Sanghvi=20
[mailto:rs@mylodestar.com]<BR><B>Sent:</B> Tuesday, October 08, 2002 =
3:44=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
Worley's Weekend Weeview<BR><BR></FONT></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">Scott</SPAN></FONT><FONT=20
face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">,</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">I work =
extensively=20
with Manufacturing companies throughout the country and I completely =
agree=20
with your comments. </SPAN></FONT></P>
<P class=3DMsoNormal><B><FONT face=3D"Times New Roman" color=3Dnavy =
size=3D3><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 12pt; COLOR: navy">One of the =
lessons=20
coming home to roost is that you cant have an economy based entirely =
on the=20
Service sector. A society has to MAKE something tangible to have =
a=20
thriving economy. </SPAN></FONT></B></P>
<P class=3DMsoNormal><B><FONT face=3D"Times New Roman" color=3Dnavy =
size=3D3><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 12pt; COLOR: =
navy"></SPAN></FONT></B> </P>
<P class=3DMsoNormal><B><FONT face=3D"Times New Roman" color=3Dnavy =
size=3D3><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 12pt; COLOR: =
navy">Rocky</SPAN></FONT></B></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of =
</SPAN></B></SPAN></FONT><FONT=20
face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Logan</SPAN></FONT><FONT=20
face=3DTahoma size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">,=20
</SPAN></FONT><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Scott</SPAN></FONT><FONT=20
face=3DTahoma size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">=20
</SPAN></FONT><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">L.</SPAN></FONT><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Tuesday, October 08, 2002 =
4:08=20
PM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
'canslim@lists.xmission.com'<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> RE: [CANSLIM] Worley's =
Weekend=20
Weeview</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT> </P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">I don't=20
think the American public has realized the effects of losing our =
manufacturing=20
jobs. Thousands of good paying blue collar jobs are disappearing from =
our=20
landscape. But I like most everyone else enjoy the low cost goods that =
American factories( and Unions ) have priced themselves out=20
of.</SPAN></FONT></P></DIV>
<BLOCKQUOTE style=3D"MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; =
MARGIN-RIGHT: 0in">
<P class=3DMsoNormal=20
style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.5in; MARGIN-RIGHT: =
0in"><FONT=20
face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">From:</SPAN></B> Tom=20
Worley [mailto:stkguru@bellsouth.net]<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Sunday, October 06, =
2002 10:32=20
AM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM] =
Worley's Weekend=20
Weeview</SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial">ISM (Institute of =
Supply=20
Management, formerly known as NAPM - Nat'l Assn of Purchasing =
Managers)=20
produces two major monthly reports, one on manufacturing, and one on =
the=20
service sector. Both reports (indexes) consist of a number of=20
sub-components, including an employment factor which is used to =
measure=20
increase / decrease in actual jobs. Both reports this week =
showed that=20
more jobs were being lost in Sept than in Aug, even tho the service =
sector=20
report showed a strong gain overall. For some years now, the =
manufacturing=20
sector has been losing jobs while the service sector has been =
gaining. It's=20
unusual for both to lose jobs, and dovetails with most other =
employment data=20
(except for Labor's reports).</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial">here's CNN's version =
of the=20
report</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial"><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></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">----- Original Message =
- -----=20
</SPAN></FONT></P>
<DIV style=3D"font-color: black">
<P class=3DMsoNormal style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: =
0.5in"><B><FONT=20
face=3DArial size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
title=3Dannholly@attbi.com =
href=3D"mailto:annholly@attbi.com">Ann</A>=20
</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> Sunday,=20
October 06, 2002 11:19 AM</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> Re:=20
[CANSLIM] Worley's Weekend Weeview</SPAN></FONT></P></DIV></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial">Tom, can you please =
explain this=20
paragraph?</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: =
Arial">Thanks,</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: =
Arial">Ann</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial">ISM reports that =
September=20
service sector growth jumped a full 3 percentage points to 53.9%, =
eighth=20
straight month of growth, and well over expectations of a gain to =
51.4%. As=20
mentioned above, the rate of layoffs accelerated with the employment =
factor=20
down to 46.6% from 47.3%, the 19th straight month of job=20
losses.</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV></BLOCKQUOTE></DIV></BLOCKQUOTE></BOD=
Y></HTML>
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