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Strategies & Market Trends : The Thread

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To: KevinMark who wrote (43827)	4/17/2001 11:59:55 AM
From: JeanD	Read Replies (1) of 49816

Moving The Markets [BRIEFING.COM] The Nasdaq was having a great day, poised for a strong afternoon sesssion, until comments from former Fed Governor and current Bear Stearns economist Wayne Angell. He is talking down possibility of an inter-meeting rate cut. Investors will remember that Mr. Angell ignited a market rally when his team suggested that inter-meeting cut was all but assured, only to withdraw that opinion a few trading days later. Comments, which are based on this morning's economic releases, are pulling major indices off highs of the morning. April funds futures are also indicating no inter-meeting ease. Briefing.com believes if no move this week, the next likely move will not be until May 15... As a result, techs have backed up, especially chip and chip equipment. Networkers remain strong despite the comments including JNPR and CIEN. DJUA +0.9%...

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