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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: bruceleroy1_- who wrote (27515)1/11/2002 2:52:35 PM
From: TechTrader42  Read Replies (2) of 52237
 
Of course, economic recovery wasn't clearly in sight, no matter what the market touts were saying all last week.

From briefing.com:

14:30 ET Dow -51, Nasdaq -25, S&P -8.54: [BRIEFING.COM] We continue to see reaction to Fed Chairman Greenspan's comments. The fed funds futures are responding positively as the market now sees a 50% probability of a 25 basis point easing on January 30th, up from 28% prior to the speech. In addition, the 10-year bond is now higher by more than a full point which brings the yield down to 4.831%. Reaction in the equity markets is less pronounced though stocks have edged somewhat lower on Greenspan's view that it is too early to say that an economic recovery is within sight.
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