Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (3739)	4/16/2001 9:57:12 AM
From: John Pitera	Respond to of 33421

Interesting summary......All three major indices ended this holiday-shortened week on a positive note, despite a bevy of rather gloomy economic news today. The Dow Industrials spurted higher in the last hour to close above 10,000 for the third straight day on today's three-percent gain. The S&P 500 Index (SPX) ended the week with an almost five-percent gain, up 1.5 percent today. The Nasdaq Composite (COMP) won the race with a 14-percent increase for the week and experienced its fourth up day in a row, for the first time since August. Lest anyone get overly excited, remember the bottoming process could easily take three to five months, if we are even near it yet. It is entirely possible the lows could be revisited or even taken out, especially if this is a bear-market rally due only to oversold conditions. In fact, it will be interesting to watch the COMP and SPX action on Monday, because both indices ended this week at points of previous resistance. Still, the week did set a fresh, positive tone. ---------------------------- ...... I see USG closing at a new multi year low USG Corporation (USG) 11.41 Trading at lowest level since June 1993. I remember Warren Buffet buying a chunk of the company this past year, the asbestos claim worries are obviously weighing more on the stock than maybe he thought they would.