CBS MarketWatch Names Allen Sinai As Its First ``Forecaster of the Month''; Decision Economics CEO Beats 29 Others In Predictions of October Indicators.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Nov. 12, 2003 MarketWatch.com, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MKTW), a leading multimedia publisher of business news and information, today announced that Allen Sinai, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Decision Economics, is the first CBS MarketWatch Forecaster of the Month. Sinai was the most accurate of 30 economists who provided forecasts of 10 monthly economic indicators released in October from the Labor Department, The Commerce Department and other sources. Those indicators are: non-farm payroll employment; retail sales; consumer price index; personal income; orders for durable goods; U.S. trade deficit; new home sales New Home Sales An economic indicator that measures sales of newly built homes. Released by the U.S. Department of Commerce's Census Bureau, it includes both quantity and price statistics. ; housing starts; industrial production; in addition to The Institute for Supply Management index of purchasing manager sentiment. A story about Sinai appears today on the front page of CBS MarketWatch and will be featured on the MarketWatch.com Radio Network. "CBS MarketWatch decided to recognize a 'Forecaster of the Month' because so called 'high frequency' monthly indicators are the most subject to localized events and thus more volatile and harder to predict than quarterly or annual indicators," said Larry Kramer, MarketWatch.com Chairman and CEO. "Short term indicators are also of special interest to the CBS MarketWatch audience of investors because they have the greatest potential to move the market." Following Allen Sinai, the other top CBS MarketWatch forecasters were: Lou Crandall, chief economist for Wrightson ICAP; Russ Sheldon of BMO Nesbitt Burns  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . and Michael Englund of MMS International. Avery Shenfeld of CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. and Joel Naroff of Naroff Economic Associates tied for fifth place. About MarketWatch.com MarketWatch.com, Inc. (NASDAQ:MKTW) is a leading multimedia publisher of business news and information. Founded in 1997, the Company operates two award-winning Web sites, CBS MarketWatch and BigCharts. The Company produces the syndicated CBS MarketWatch Weekend program, airs financial reports over The CBS Television Network CBS Television Network Major U.S. broadcasting company and network. It began in 1928 as the Columbia Broadcasting System, a small radio network directed by William S. Paley. , and provides updates every 30 minutes on the MarketWatch.com Radio Network. MarketWatch.com licenses market news, investment analysis tools and sophisticated charting applications to financial services firms and media companies. The Company also offers subscription products for individual investors, including the Hulbert Financial Digest Hulbert Financial Digest A monthly newsletter devoted to information about investment advisory letters. The publication includes a top-five ranking of advisory letters during short and extended periods, along with commentary and detailed . |
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