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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (16545)3/21/2003 5:10:08 PM
From: Casaubon  Read Replies (1) of 19219
 
Intuit Inc. was the biggest drag on the S&P 500, losing $11.26 to $39.63. The company, the world's biggest maker of software used to prepare income-tax returns, cut its sales and profit forecasts for this quarter and the year. It said the slumping economy hurt its main sales season.

State Street Corp., the world's largest custodian of financial assets, tumbled $4.90 to $33.60 after trimming its profit forecast. State Street said first-quarter earnings per share will fall by about 50 percent as stock prices drop and global investing slows.

These canaries are sick. People should not be fully invested, IMO.
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