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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (17895)	11/20/2000 8:32:10 AM
From: limtex	Read Replies (1) \| Respond to of 65232

Vol - This is beyond a jone. Cramer is going on about how the chat threads have become filled with abuse and people trying to put a downer on stocks but what on earth can he or anyone else expect when day after day come the downgrades and wipe out great chunks of people net worth. What is the point of owning anything. CNBC just reported that one of the downgrades actually admits that the company they are downgrading is going ot do very well in the near future but its growth will slow due amongst otehr things to the "Law of Large Numbers". What knid of environment is this to invest even in RMBS. Marginmike was right...get out and stay out. Best regards, L

To: Voltaire who wrote (17895)	11/20/2000 8:37:19 AM
From: Dealer	Respond to of 65232

<FONT COLOR=BLUE>MARKET SNAPSHOT--Techs come under pressure Futures point to sloppy open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:16 AM ET Nov 20, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - Technology stocks may come under pressure Monday, with weakness spreading to the broader market. December S&P 500 futures slipped 5.00 points, or 0.4 percent, and were trading roughly 8.90 points below fair value. Nasdaq futures, meanwhile, fell 56.50 points, or 1.9 percent, weighed down by a drop in Oracle shares. Oracle (ORCL: news, msgs), in fact slid $3.81, or 13 percent, to $25 in Instinet dealings. See Indications. Late Friday, Gary Bloom, the company's heir apparent, resigned to become chief executive of Veritas Software (VRTS: news, msgs). Bloom was considered a possible successor to Oracle CEO Larry Ellison after the departure of former chief operating office Ray Lane in June. Read the full story. On the earnings front, only 17 S&P 500 companies have yet to unveil their quarterly results, with six set to report this week, according to First Call. Among the week's highlights are results from: Agilent Technologies, Intuit, Portal Software, Novell, Neiman Marcus, Michaels Stores, Westvaco, Deere. Currently, pre-announcements for the fourth quarter of 2000 are coming in higher than normal and are up substantially from the same time last year, First Call said. The higher-than-normal trimmings are in part due to the implementation of Regulation Fair Disclosure, the earnings compiler noted. Earnings expectations for the fourth quarter have fallen to 10.7 percent from the 15.6 percent growth rate expected on Oct. 1. And First Call guesses that fourth-quarter earnings expectations may fall to 8 percent by the start or the reporting season. Government prices eked out a tiny gain. The 10-year Treasury note gained 1/8 to yield ($TNX: news, msgs) 5.69 percent while the 30-year government bond jumped 6/32 to yield ($TYX: news, msgs) 5.76 percent. No economic news is set for release on Monday. The week will be a light one on the economic front, with the highlight - the September trade balance -- to be released on Tuesday. View Economic Preview, economic calendar and forecasts and historical economic data.