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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (2107)	9/19/2000 8:41:32 AM
From: Dealer	Read Replies (1) of 65232

<FONT COLOR=BLUE>MARKET SNAPSHOT--Shares look to rebound Housing data due out By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:46 AM ET Sep 19, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - The stock market is poised for some gains at the open Tuesday after Monday's ugly sell-off. The question is: Will buyers remain enthused or will sellers use bounces as yet another opportunity to unload shares? December S&P 500 futures added 3.70 points, or 0.3 percent, and were trading roughly 4.90 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, gained 22.50 points, or 0.6 percent. On the economic front, August housing starts and building permits will be out. Starts are expected to come on at a 1.55 million annual rate. Over in the bond market, prices were a sliver higher after another sell-off on Monday as rising oil prices stoked inflation concerns. In the currency arena, dollar/yen edged up 0.1 percent to 106.90 while euro/dollar shed 0.1 percent to 0.8531. Julie Rannazzisi is markets editor for CBS.MarketWatch.com.

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