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

To: Dealer who wrote (19583)	11/27/2000 8:54:24 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

<FONT COLOR=BLUE>MARKET SNAPSHOT--Markets set for another bounce Investors look for relief from election impasse By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:31 AM ET Nov 27, 2000 NEW YORK (CBS.MW) - The market braced for another pop at the open Monday to begin the holiday season with a rally. Investors are hoping that the election cloud will lift following news late Sunday that Republican candidate George W. Bush won Florida's 25 electoral votes -- enough to secure the presidency if further legal appeals by Democratic nominee Al Gore fail. December S&P 500 futures climbed 12.40 points, or 0.9 percent, and were trading roughly 12.50 points above fair value. Nasdaq futures, meanwhile, put on 69.50 points, or 2.5 percent. In pre-market activity, a host of tech bellwethers moved higher, with Cisco Systems (CSCO) up $1.81 to $54.50 in Instinet. Dow-component General Electric (GE) announced Monday that it has named Jeffrey Immelt the company's president and chairman-elect, effective immediately. Immelt will succeed John Welch upon his retirement at the end of 2001. Immelt was President and CEO of GE Medical Systems, Separately, Trim Tabs said U.S. equity funds had inflows of $1.8 billion in the two days ending Nov. 22 for a monthly rate of $19.3 billion. And aggressive growth funds had inflows of $1.1 billion. Trim Tabs said it maintains its bullish posture. "We stick with our year long stance of being long those companies growing free cash flow and being short those stocks that either need to sell shares to survive or where options are near 10 percent of the existing outstanding," the fund flow tracker said. Liquidity in December could be stronger than usual if stock fund distributions prove to be light and if the new offering calendar dwindles. In the Treasury arena, prices were again reacting inversely to the stock market's expected gyrations. The 10-year Treasury note slipped 1/4 to yield ($TNX) 5.67 percent while the 30-year government bond slid 13/32 to yield ($TYX) 5.71 percent. On the economic front, Monday will see the release of October existing home sales, which will jump-start a busy data week. Some of the numbers on tap include: November consumer confidence, revised third-quarter gross domestic product, October personal income and personal consumption expenditures and the November Chicago Purchasing Mangers Index. View Economic Preview, economic calendar and forecasts and historical economic data. Cornering the currency market, the dollar climbed for the fifth straight session against the yen, edging up 0.1 percent to 111.25, while euro/dollar lost 0.2 percent to 0.8392.