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marketmaven

06/20/05 2:16 PM

#402421 RE: ogm #402416

Market Disconnects from Economic Reality

The Conference Board reported Monday that only one of the 10 components of the leading index -- stock prices -- increased in May. The other components that dragged down the index included building permits, vendors performances, the index of consumer expectations, manufacturers' new orders for nondefense capital goods, consumer goods and materials and average weekly initial claims for unemployment insurance.