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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/1/2001 3:15:37 PM
From: besttrader   of 37746
 
15:00 ET Dow +160, Nasdaq +37, S&P +12.87: [BRIEFING.COM] Even though the market did not spike on the news, clearly a CNN
report that House and Senate negotiators have reached a tentative deal on a $1.35 tln tax cut plan is helping the market today. Traders are
focusing on the $100 bln retroactive cut this year to stimulate the economy. This adds to the sentiment that perhaps the second half of the
year will result in a stronger economy. It also supports the argument that we are near a bottom in the market....Chip equipment stocks have
been trading higher over the past hour. Briefing.com sources indicate that Salomon Smith Barney is out in defense of AMAT after earlier
negative comments from SG Cowen....Traders continue to aggressively bid up techs this afternoon. NYSE Adv/Dec 1688/1295... Nasdaq
Adv/Dec 2164/1608.
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