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

To: Dealer who wrote (36766)	5/10/2001 12:05:47 AM
From: LLCF	Respond to of 65232

Just thought I'd keep you folks updated on the old [much maligned] portfolio... it's been about 6 months since the gold call: siliconinvestor.com Much more to come if you've been watching the "GreenOne". DAK

To: Dealer who wrote (36766)	5/10/2001 8:46:34 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Averages look to rebound ECB, BOE cut rates and lift sentiment By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:10 AM ET May 10, 2001 NEW YORK (CBS.MW) - U.S. stocks are poised for hefty gains Thursday after backpedaling on Wednesday, with advances anticipated across the board. June S&P 500 futures rallied 14.10 points, or 1.1 percent, and were trading roughly 12.60 points above fair value, according to HL Camp & Co. Nasdaq futures were limit up, climbing 42.00 points, or 2.2 percent. The European stock averages got a boost from two central bank rate cuts and the positive sentiment is likely to spill over into U.S. markets. Both the European Central Bank and Bank of England trimmed short-term rates by 25 basis points. The BOE cited a slowdown in the global economy and continued uncertainty over the duration of the weakness as reason for the move. The ECB's slash was more surprising as the majority of economists had anticipated no move on the rate front. The ECB cited concerns that the soft U.S. economy is spreading to Europe. The Fed meets next Tuesday, with most expecting a 50-basis-point rate cut. Government bond issues turned lower with stock prices set for nifty gains once trading begins. The 10-year Treasury note was up 3/32 to yield ($TNX) 5.16 percent while the 30-year government bond added 2/32 to yield ($TYX) 5.66 percent. On Thursday, weekly initial claims and the March import and export price indexes will be unleashed. View Economic Preview and economic calendar and forecasts. In the currency arena, dollar/yen eked out a 0.1 percent loss to 122.12 while euro/dollar edged up 0.1 percent to 0.8871. --------------------------------------------------------------------------------