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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (39735)	5/21/2001 2:32:06 PM
From: James Strauss	Read Replies (2) \| Respond to of 50167

Nasdaq Breakout... ************************ Ike: We are seeing the beginning a breakout on the Nasdaq... siliconinvestor.com The all important 2250 area was surpassed today... A close above 2250 sets up a march towards the 2500 to 2600 test area... Jim

To: IQBAL LATIF who wrote (39735)	5/29/2001 11:04:01 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

On Friday leading pundits wrote this <<Actually, there are some very interesting new bits of data due out today: personal income and consumer confidence. These concepts are the heart and soul of a consumption driven economy and as such will be widely watched this morning. In the meantime, though, we're left to ponder nothing much at all. Yes, there was a raft of semi-depressing data released on Friday. Unfortunately, these data simply reinforced that we are still meandering down our current path of slow to middling growth. At least the revised GDP numbers seemed to indicate that the inventory correction is proceeding with more verve than originally believed. So, we've at least got that going for us. >> Consumer confidence rose more than expected in May buoyed by renewed optimism in the ability of the economy to right itself. The composite index rose to 115.5 from the revised April reading of 109 driven by a nearly 8 percentage point increase in the expectations component. Consumers are still planning to spend and expect the job market to improve in coming months. A one-month boost does not necessary mean that confidence has turned a corner. Confidence may well bounce around from month to month until the economy convincingly picks up. This report does not preclude further Fed rate cuts, however, since business conditions are still weak.