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

To: Dealer who wrote (20391)	11/29/2000 7:50:31 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

<FONT COLOR=BLUE>MARKET SNAPSHOT----Markets still look wobbly Stock futures head south By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:29 AM ET Nov 29, 2000 NEW YORK (CBS.MW) - The sloppy action in the futures markets Wednesday suggest that the dour mood surrounding the market hasn't lifted. The Nasdaq closed at a new low for the year on Tuesday - a level that hadn't been seen since October 1999. The index has fallen a bruising 47 percent from its intra-day peak of 5,132 set on March 10. With all tech sectors getting clobbered -- the selling spilled over into a broad market that had attempted to stay positive - market watchers are wondering where the next catalyst to buy stocks will come from. December S&P 500 futures lost 3.20 points, or 0.2 percent, and were trading roughly 4.90 points below fair value. Nasdaq futures, meanwhile, fell 15.50 points, or 0.6 percent. On the economic docket, the revision to third-quarter gross domestic product will be released. The GDP figure is expected to see a downward revision to 2.4 percent versus the advance reading of 2.7 percent. Economic Preview, economic calendar and forecasts and historical economic data. Cornering the foreign exchange market, dollar/yen shed 0.1 percent to 110.02 while euro/dollar climbed 0.8 percent to 0.8623.