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Strategies & Market Trends : The New Economy and its Winners

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To: 16yearcycle who wrote (5446)	2/27/2001 12:22:04 AM
From: Mark Fowler	Read Replies (2) of 57684

5:00 ET Dow +145, Nasdaq +31, S&P +14.94: [BRIEFING.COM] The markets are holding onto their gains as we head into the final hour of trading. Comments today from Wayne Angell at Bear Stearns now place the probability of an intra-meeting Fed rate cut at 80%. This appears to have pushed the markets somewhat higher in late afternoon trading though the current reaction is substantially more subdued in comparison to last Friday's activity. Buy interest has picked up in the financials suggesting investors lend some credence to the possibility of a rate cut this week. Market internals on both the Nasdaq and the broader market have improved notably late in the day. The Nasdaq, Dow and S&P all trade at or near the day's highs. Briefing.com anticipates the markets will extend their gains in the final hour. NYSE Adv/Dec 1997/1017... Nasdaq Adv/Dec 2217/1460. Gene market is expecting this, we better get that rate cut.

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