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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (22272)	5/11/2001 8:39:00 AM
From: 2MAR$	Read Replies (1) \| Respond to of 37746

MARKET TALK: 2Q Consumer Spending Off To Good Start Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 8:37 (Dow Jones) Increase in total sales suggests autos actually contributed to gain in retail sales. Non-auto retail sales up 0.7%, which itself is a strong increase. The downward revision to March may take away some growth from the 1Q, but the solid numbers for April give a robust start to consumer spending in 2Q. 8:30 (Dow Jones) It's another one of those potentially important Friday's for stocks. Vital readings coming on April prices at the wholesale level, retail sales and, maybe the most important, a barometer of consumer sentiment. The consumer-driven retail sales are obviously key, but don't shortchange that PPI reading. Without question the Fed is fixated solely on avoiding a recession now, but an increasing number of economists are talking of the hangover that is likely to result later on this year and into next as a result of the dramatic rate cuts we've already seen. If the core rate of PPI is well above the 0.1% increase expected, it could be just a bit worrisome. Notable story in Business Week has Merck (MRK) offering to buy Schering-Plough (SGP) for $91 billion in stock. Novartis (NVS) gets FDA OK for leukemia drug, and IBM sounds positive at analyst meeting Thursday afternoon. Stock futures flat, as are Tsys. (TG) (END) DOW JONES NEWS 05-11-01 08:38 AM * end of story * (DOW JONES) DJN: DJ MARKET TALK: 2Q Consumer Spending Off To Good Start DJN: DJ MARKET TALK: 2Q Consumer Spending Off To Good Start Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 8:37 (Dow Jones) Increase in total sales suggests autos actually contributed to gain in retail sales. Non-auto retail sales up 0.7%, which itself is a strong increase. The downward revision to March may take away some growth from the 1Q, but the solid numbers for April give a robust start to consumer spending in 2Q. 8:30 (Dow Jones) It's another one of those potentially important Friday's for stocks. Vital readings coming on April prices at the wholesale level, retail sales and, maybe the most important, a barometer of consumer sentiment. The consumer-driven retail sales are obviously key, but don't shortchange that PPI reading. Without question the Fed is fixated solely on avoiding a recession now, but an increasing number of economists are talking of the hangover that is likely to result later on this year and into next as a result of the dramatic rate cuts we've already seen. If the core rate of PPI is well above the 0.1% increase expected, it could be just a bit worrisome. Notable story in Business Week has Merck (MRK) offering to buy Schering-Plough (SGP) for $91 billion in stock. Novartis (NVS) gets FDA OK for leukemia drug, and IBM sounds positive at analyst meeting Thursday afternoon. Stock futures flat, as are Tsys. (TG) (END) DOW JONES NEWS 05-11-01 08:38 AM * end of story *

To: Mike M who wrote (22272)	5/11/2001 8:43:23 AM
From: Wes Stevens	Read Replies (3) \| Respond to of 37746

Mike I have known AS for quite a while. He is a long term buy and hold trader on the long side only. This last year has not been a good year for that. But this thread is a short term thread that shorts probably a bit more then it goes long. So WHY does AS post here. He should go post where his view will be appreciated. The other question is why do people on this thread feel they have to respond to his posts? Put him on ignore and let's try and keep the number of posts that are religious to a minimum especially during the day.