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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Shack who wrote (1623)3/27/2001 11:27:11 AM
From: Cush  Read Replies (1) | Respond to of 5144
 
Shack, ya I think technically this could be an important day.

If the Nasdaq does close well above 1945, I think that will be significant as it will break above that upper downtrending line on yesterday's chart.

Interesting reaction to the Consumer Confidence report today.

Shaw, I had my finger poised to sell some TSX at that $6.90 number, as well.
:o)
Guess we weren't alone.

Cush



To: Shack who wrote (1623)3/27/2001 11:27:30 AM
From: Shaw  Read Replies (1) | Respond to of 5144
 
I am still shaking my head on the SOX today. What the 'ell??

OT: With the awful PCMS and VTSS outlook, how can CSCO not warn???



To: Shack who wrote (1623)3/27/2001 12:42:17 PM
From: Dexter Lives On  Respond to of 5144
 
Beware the US consumers - they're a powerful force! See the last 5 years of spending and debt for evidence. There are good reasons to believe this could continue, not the least of which are really cheap foreign goods and rising after-tax domestic income. Should buy Japan (another) year or two...
Rob

Washington, March 27 (Bloomberg) -- Consumer confidence in the U.S. economy unexpectedly rose in March for the first time in six months as optimism increased about jobs and the ability to buy homes and appliances later this year.

``The economy may have turned the corner'' and growth is likely to pick up in the second half of 2001, Federal Reserve Bank of St. Louis President William Poole said in Prague today.

The Conference Board's consumer confidence index rose to 117 this month, the first increase since September, from February's 109.2. The March index was the highest in three months and reflected improved consumer outlooks for employment and an increase in plans to buy homes and appliances.

That suggests spending may increase, helping to preserve the record economic expansion, which began its 11th year this month.

Consumers ``still have jobs,'' said Richard Yamarone, senior economist at Argus Research Corp. in New York. ``There's nothing more that influences confidence than employment and consumers remain fully employed.''


quote.bloomberg.com