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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (7238)	5/8/2001 9:38:15 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 52237

OK, now I am really getting scared. I can't believe this guy is saying this...... ...What Washington must do is keep the stock market up. America can't afford another big market dip, which is inevitable as things now stand. The government must take an active role in keeping stocks where they are now, or getting them to go higher. Washington must directly intervene if the stock market stumbles again. The Bush administration needs to directly buy stock index futures with government money to stabilize the market. And it needs to take that action so quietly that none of us know about it. nypostonline.com =========================== Productivity was expected to come in at 1% growth and unit labor costs expected to be 4.5%. Keep in mind those 4.5% increased labor costs were going to squeeze profits....... quote.bloomberg.com Actual Numbers came in at negative .1 for productivity and emplyment costs shot up 5.2% ================================= Biogen Inc. (NasdaqNM:BGEN , a biotechnology company, was down at $53 from a close of $56.24. European rival Serono SA said clinical trials showed its Rebif multiple sclerosis drug was more effective than Biogen's Avonex treatment. biz.yahoo.com =============================== Home links to Net slip Death of free services cuts homes with Net access: report May 8, 2001: 7:22 a.m. ET NEW YORK (CNNfn) - The number of U.S. homes with access to the Internet slipped in the first quarter for the first time, a published report said Tuesday. USA Today, citing a study from Telecommunications Reports International, said that the number of the nation's homes with Internet access fell 0.3 percent to 68.5 million in the quarter. The report blamed most of the drop on the death of several free Internet service providers (ISPs). But it also suggested that the market is close to its maturity level, with growth slowing in every category. Besides the loss of free ISPs, the report cited sluggish 2 percent growth in households using high-speed digital subscriber lines (DSL) to 2.4 million households. That follows 80 percent growth in the use of DSL in the fourth quarter. The report cited slow installations, higher prices and the closure of NorthPoint Communications, a DSL provider. But the report also said that the number of households paying for Internet access still rose in the quarter, up 8 percent to 49.6 million, while cable-modem use climbed 18 percent to 4.9 million households. cnnfn.cnn.com ============================== It was amusing to watch the jam up in futures last night. Futures were flat to down all night then at 5 AM, they suddenly lept 30 points on no news that I was able to find. This isn't a healthy sign IMO when the only way they can make the market go up is to jam them up in pre-market and gap higher and then trade flat. Let's see if they can add any points during the day this time. I guess this will be another day where bad news is good news even if it is both recessionary AND inflationary. Stagflation anyone? Nuts. This is going to end sooooooo bad eventually. Good Luck, Lee