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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (36038)	12/26/1999 4:43:00 PM
From: Les H	Respond to of 99985

WALL ST WEEKAHEAD-Stocks could be erratic in thin trade By Jennifer Westhoven NEW YORK, Dec 26 (Reuters) - The stock market may ring in records during the week between Christmas and New Year's, but analysts say the party could get crashed by interest rate worries in January. The three major U.S. stock market benchmarks, the Dow Jones industrial average, the Standard & Poor's 500 Index, and the Nasdaq Composite all scored new intraday trading highs on Thursday. The Dow closed up 202.16 points to 11,405.76, breaking the 11,400 level for the first time. The Standard & Poor's 500 index also ended at a new high, up 22.35 points at 1,458.34. The tech-driven Nasdaq composite index gained 32.20 points to 3,969.50 after breaking through the 4,000 milestone during the day. The markets were closed Friday in observance of the Christmas holiday. ``We'll have more of the same next week. There may be some strange action with up-and-down days on anemic volume,' said Arthur Hogan, chief market analyst at Jefferies & Co. Analysts and traders said institutions were trading at lighter levels than usual, having mostly finished closing out their books for the end of the year. ``I think we'll go out with a whimper,' in terms of volume, said Joseph Battipaglia, chief investment officer of Gruntal & Co. ``There are many forces coming to bear, but toward the end of the year, you get less and less action by groups who have already made their decisions for the year.' Some of those forces include portfolio managers selling to lock in annual profits, tax-related selling, and investors who withdraw capital ahead of the Year 2000 computer date rollover or put money into the U.S. markets for safety's sake. There are two concerns about the bond market. Near term, there is worry that, with trading at a near standstill in Treasuries, rates could move sharply higher, rattling stocks. Longer term, there is anxiety about the raft of economic data to be released in January. As most economists predict that the U.S. economy is still going strong, investors in both markets fear that the Federal Reserve will raise interest rates by 25 or 50 basis points when a monetary policy panel meets in February. ``That may be where the turmoil really lies,' said Jeffrey Palma, chief economist at Warburg Dillon Read. Traders said surprise company announcements could have a greater-than-normal impact this week, with the market seizing on any news. There are no major economic reports due this week, and according to earnings tracker First Call/Thomson Financial, only one large company is due to report earnings: The Finish Line Inc. (NasdaqNM:FINL - news), the sports apparel and footwear chain. A few companies, including discount drugstore chain Walgreen Co. (NYSE:WAG - news) and investment bank Lehman Brothers Holdings Inc. (NYSE:LEH - news) are due in early January. Earnings season officially kicks off on Jan. 10, with earnings from Alcoa Inc. (NYSE:AA - news), according to First Call. First Call said analysts on average are looking for earnings growth of 18.1 percent for the fourth quarter from year-ago levels, when earnings rose just 6 percent. >>>The earnings warnings will likely be hitting the first >>>two weeks of the year since everyone's off.

To: Haim R. Branisteanu who wrote (36038)	12/26/1999 5:28:00 PM
From: set	Respond to of 99985

> it is not, just an natural evolvement from PC > to networks to world wide network or WWW. It was the way I remember it. I had a gov job when Mosaic hit the streets. People in gov or edu domains immediately loved it and realized, "hey, the internet's not just for us any more. Me saintly old mother could use this etc etc.. " Then the ISPs started springing up everywhere, AOL started buying up serious backbone real estate, and it was Have Modem Will Travel from there on. Mosaic became Mozilla became Netscape and AOL bought that too. <G> Everything was already there, from the infrastructure to the computers on the desktop. But the web gave it a human face and that proved to be what was missing. Shahar