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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: marginnayan who wrote (2075)10/29/2001 5:33:56 PM
From: LTK007  Read Replies (1) of 99280
 
more from briefing.com on sell-off<<There were no major negative announcements during the early portion of the session to drive prices lower but investors appeared rather nervous amid overseas equity declines and in front of this week's numerous economic reports. Consumer Confidence is due tomorrow, GDP on Wednesday with the employment data on Friday. There was also speculation that the market had been bid up last week as funds attempted to boost their year end performance (last trades to count are 3 business days before the end of the month) with profit taking seen today. During the afternoon there were indications that Argentina would default on at least $38 bln of its foreign debt and may potentially seek a voluntary restructuring of all of their $132 bln in debt; >> end quote
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