Thanks Ray, I'm looking forward to it..as soon as my truck gets out of the shop..ouch, upper and lower ball joints,left rotar,repack wheel barings,new shocks,rebuild rear brakes, new front fuel tank..$1500 clams, before I hit the road!! (of course, this follows last months, tie rods and tie rod ends..another grand...one ton trucks are expensive to maintain<g>..but she'll ride like a caddy, and the AC works<lol!!>)
STANDARD & POOR'S MARKET PREVIEW
SEP.27,2000 05:23 pm EST
S&P: Reduce Exposure to Stocks
NEW YORK, Sep. 27 (Standard & Poor's) - Due to the adverse effects on earnings from higher oil prices and a weak euro, Standard & Poor's Investment Policy Committee (IPC) said in a report issued Wednesday that it has reduced its recommended equity exposure to 60% from 65% and raised its recommended cash exposure to 15% from 10%. (To learn more about S&P's recommended asset allocation, click here.)
The IPC also said S&P's year-end target for the S&P 500 and NASDAQ now stand at 1500 and 3800, respectively.
According to the IPC, "market sentiment is eroding and momentum has faltered." The report also said the S&P 500 should see EPS increases of 8% and 9% in Q3 and Q4, respectively.
One positive note in the report: Since 1991, Technology has been the best performing sector in the S&P 500 during the fourth quarter, rising 10.8% on average versus a 6.2% advance for the S&P 500. In addition, tech stocks' frequency of outperformance of the market is 78%, the report said. |
