TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: SSP who wrote (8197)	8/27/1999 3:15:00 AM
From: Jim Bishop	of 150070

Daily Market Review investor-list - analystgroup.com * The equity markets pulled back today following Wednesday's record breaking close for the Dow, as a lack of significant market moving news allows investors the opportunity to adjust their portfolios following yesterday's run into record territory. On the other hand, technicians= remarked that the market is overbought following the recent rally while many traders noted they anticipate the consolidation will carry into next week. As a result, the Dow gave back 127.59 points or 1.13% to 11,198.45 while the NASDAQ Composite gave up this morning's gains and then some to close with a loss of 30.98 points or 1.1% to 2774.62. The Standard and Poor's 500 was down by 1.43% or 19.78 points to 1362.01. Today's small ones performed much better, as the Russell 2000 Index of small-cap stocks was down 0.42% or 1.84 points to 436.02 while the MicroCap 1000 Index lost 3.65 points or 0.32% to 1133.30. * On the economic front - second quarter GDP growth was downwardly revised to 1.8% from the original 2.3% increase. Economists noted that the slower growth was a largely traceable to a surge in imports which speaks to the continued strength of the US economy. * The number of Americans filing first time jobless claims continues to come in at relatively low levels with 283,000 claims filed last week compared to expectations for 290,000 first-time claims. * The July Help Wanted Index, which measures the changes in volume of help wanted advertisements in 51 major newspapers in the US, was unchanged at 85 compared to June's revised reading. * The US Treasuries market moved lower on profit taking - the benchmark 30-year is yielding 5.86% after giving back 15/32 to close at 103 11/32.

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