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Politics : Idea Of The Day

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To: Sonki who wrote (17968)	4/16/1998 12:01:00 PM
From: Judy	Read Replies (1) of 50167

Market Outlook Short-Term The market are churning beautifully now. In Feb I posted that the market would be on autopilot up until the fundies booked their profits for 1Q and into early/mid April to accomodate the inflow of IRA funds. Profits are being taken off the table to await forward corporate guidance to see where funds should be rolled into next. Sonki, the drugs are retracing nicely down. MRK reported sound growth but missed estimates by a cent or two and is down. WLA selling off with the market, good. Cmgi was very nice this am on the news release.

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