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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (53395)	7/27/1999 4:29:00 PM
From: MythMan	Respond to of 86076

LOL!

To: John Pitera who wrote (53395)	7/27/1999 4:41:00 PM
From: MythMan	Read Replies (2) \| Respond to of 86076

Biggest day of the month? You got a link for Biggs comments? >>New York, July 27 (Bloomberg) -- U.S. stocks had their biggest gains of the month as investors speculated that the last week's decline made shares a good buy as long as interest rates don't rise much further. Intel Corp. led a surge in computer-related shares after an analyst said the world's largest semiconductor maker is benefiting from strong demand for cheap PCs. The Nasdaq Composite Index rose 60.47, or 2.3 percent, to 2679.66, after losing 8.6 percent since July 16. The Standard & Poor's 500 Index gained 15.10, or 1.1 percent, to 1362.86. The Dow Jones Industrial Average climbed 115.88, or 1.1 percent, to 10,979.04. After declines like those of the past week, ''I step in there and buy,'' said Uri Landesman, chief investment officer at Aaron Fleck & Associates, which manages $400 million. ''It presents a tremendous opportunity for those who keep their heads.'' Sellers overreacted to concern that the Federal Reserve will raise interest rates, Landesman said. Now that that selling has dried up, investors who expect that rates won't head much higher are buying, he said. <<