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Strategies & Market Trends : Galapagos Islands

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To: X Y Zebra who wrote (5566)10/8/2002 1:29:05 PM
From: X Y Zebra  Read Replies (1) of 57110
 
Port power

Word that Bush will order West Coast docks reopened gives lift to markets.
October 8, 2002: 1:11 PM EDT
By Alexandra Twin, CNN/Money Staff Writer


NEW YORK (CNN/Money) - Reports that President Bush is seeking a court order to end the West Coast port strike revived U.S. stocks at midsession Tuesday, overcoming weakness in General Motors and other automakers.


money.cnn.com

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in the same article...

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Both Merrill Lynch and Bear Stearns cut their October quarter and fiscal 2003 profit estimates on No. 1 networking gear maker Cisco Systems (CSCO: down $0.75 to $8.33, Research, Estimates), citing the continued weakness in the market for Cisco's products.

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it feels as if "somebody" knows "something"...
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