However, that's more likely because of a lag time in reporting than a steep month-over-month decline.
Seven: In the steep August rally the total position in shorted stock increased to record levels.
In consequence, and in large measure because of the forcefully supportive implications inherent in the doubling of the SPR, the unprecedented and exceptionally steep march reaching $99/bbl in November, was underway.
Let someone else worry about the stock market's steepest June drop since the Great Depression.
THE NEWS Americans drove 11 billion fewer miles in March than they did in March 2007, a drop of 4.3percentthethe steepest month-on-month decline since 1942, when record keeping began, the Transportation Department said.
Those orders were unchanged in September after only a slight gain in August and steep declines in July and June.
The Society of Motor Manufacturers and Traders figure is a sharp drop but nowhere near as steep as May's 43% slump.
The index, which has steadily recovered from steep losses in April and May, is now less than six points below its Dec. 31, 1999, close.
Suffering steep losses in May and June, one was saved only by a $1.6 billion loan from its parent company last month.
NAND contract pricing was also up 17.6% in May after a steep decline in April.
The gains brought the Standard & Poor's 500 index nearly back to breakeven for the year following steep declines in August and September.
