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Strategies & Market Trends : Options
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To: Poet who wrote (6853)4/23/2000 4:08:00 PM
From: Jill  Read Replies (1) of 8096
 
Interesting stuff from Options Investor. A Reuter's piece says market will be jittery, altho other pieces point up to great earnings from NT (and I suspect, JDSU). Also BRCM and PCMS highlighted by barron's. So it will be a volatile week:

NEW YORK (Reuters) - U.S. markets still shaky from a recent inflation-wary sellathon face a possible one-two punch this week from new economic numbers that could point again to rising inflation.

Wall Street also will be closely watching corporate profits. The parade of quarterly results has reached roughly its midpoint, and the so-far mostly robust results helped pull markets higher last week.

Among economic numbers, Wall Street will focus on two that are among Federal Reserve Chairman Alan Greenspan's favorite measures of inflation: the preliminary Employment Cost Index and an initial reading for economic growth, both for the first quarter.
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