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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (4813)	2/16/2001 11:16:44 AM
From: Jenna	Read Replies (1) \| Respond to of 6445

SKE moving well on an upgrade.. earnings play. Reiterated our bullishness today in oil sector.. which we have been calling long much of the week.MARY, EOG, COG and DVN are among those we like. JILL pulled back but not before a morning gain, we will revisit it.

To: Jenna who wrote (4813)	2/16/2001 11:19:13 AM
From: Lane Hall-Witt	Respond to of 6445

Consumer Sentiment Falls to Lowest Since Nov 1993 By Ross Finley NEW YORK (Reuters) - U.S. consumer sentiment as measured by the University of Michigan crumbled for the third consecutive month in February, hitting its lowest level in more than seven years, market sources said on Friday. The preliminary February consumer sentiment index, a key gauge of U.S. consumers' attitudes about the economy, slipped to 87.8, a level not seen since November 1993, from a final January reading of 94.7. The Michigan sentiment index has fallen sharply in the months of December, January and February -- nearly 20 points since November -- as a swooning stock market, crumbling manufacturing, increasing layoffs and overall malaise about the economy has slammed consumer optimism. Economists polled by Reuters had expected the index to bounce higher, after the Federal Reserve (news - web sites) sliced a full percentage point off of borrowing costs in January in an effort to boost flagging consumer confidence and prevent the rapidly slowing economy from slipping into recession. Short-dated Treasury prices ripped higher on the unexpected news, while technology stocks, already more than 4 percent lower on negative earnings forecasts, did not react much. "It's clearly a terrible report," said John Youngdahl, senior economist and Fed watcher at Goldman Sachs in New York. "Three straight very large declines is hard for anyone to ignore and I certainly don't expect Chairman Greenspan to ignore it." The expectations index for February -- which looks to the months ahead -- also tumbled, to 77.6 from 86.4 in January. That level had also not been seen in more than seven years, since November 1993. The expectations index has now fallen 24 points since November. The February preliminary current conditions barometer fell to 103.7, not seen since December 1995, from 107.7 in January. The University of Michigan numbers, which are published twice monthly in preliminary and final series, are directly released to subscribers only. dailynews.yahoo.com