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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: RR who wrote (56135)11/11/2002 1:34:05 PM
From: stockman_scott   of 65232
 
7:42AM Lehman raises IT sector weighting: Lehman increases their IT sector weighting for the first time in nearly a year, to 16% from 6% (vs the S&P 500 at 15%); thinks the major message of the Fed's surprise rate cut is that the new level of real short-term interest rates, -0.75%, is one associated with sustainable stock mkt rallies and profits recoveries.
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