Rod,
"OT"
Read my posting to Michael regarding "turtle." Then you'll
know why. Btw, it wasn't "Bipin", if only you paid attention
to the postings. It was BPP as Bipin's partner.
"On Topic" to all,
If you have wsj, there's an interesting one:
WSJ MONEY & INVESTING, SMALL US STOCKS
Technology Issues Tumble,
Dragging Small Stocks
Lower
By LARRY BAUMAN
Dow Jones Newswires
Small-capitalization and Nasdaq stocks ended sharply lower,
dragged down by the persistent weakness of the technology
sector.
.......
Some analysts said the weakness of the technology sector, as
well as in other industry groups, was exacerbated by anticipation
of Friday's so-called triple-witching options expiration.
But while the extent of the day's losses may have been
overstated, there is a widespread perception that stocks are
suffering as a result of rising worries that economic activity and
profit growth in the U.S. is about to slow significantly.
Scott Bleier, chief investment strategist at Prime Charter Ltd.,
said the recent decline in bond yields is a signal that economic
activity is about to weaken. Bond yields typically rise when the
economy heats up, or is expected to pick up momentum, and
conversely, yields usually move lower on signs of slowing
economic activity.
The Treasury's 30-year bond was up almost a full point, knocking
the bellwether's yield down to 5.93%.
......
regards,
BPP |
