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

To: Dealer who wrote (37623)	6/7/2001 9:06:18 PM
From: Dalin	Respond to of 65232

Top o da evening Porchies! I should have played my hunch on BRCM! Message 15905821 Can you believe it? They warn and it flies! Thats what has been happening to alot of em. Weird, but nice! <g> This market wants to go up, and its looking for any excuse it can to do so. Works for me...... :0) Ramblin

To: Dealer who wrote (37623)	6/8/2001 8:44:31 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Warnings to put a damper on shares By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:17 AM ET Jun 8, 2001 NEW YORK (CBS.MW) -- The futures markets turned sour and a dour tone enveloped the market as a profit warning from Juniper Networks hit the tape. September S&P 500 futures lost 4.50 points, or 0.3 percent, and were trading roughly 5.50 points below fair value, according to HL Camp & Co. And Nasdaq futures edged up 2.00 points, or 0.1 percent. Networking outfit Juniper Networks (JNPR) warned that second-quarter earnings-per-share are now expected to come in at 8 to 9 cents a share vs. the 24 cents that had been expected by First Call/Thomson Financial. And revenue for the second quarter is predicted to come in at $200 to $210 million, down from the original guidance of $300 to $330 million. Juniper also said it will implement cost-cutting measures, including an 8 to 9 percent headcount reduction. The stock tumbled 12 percent in the pre-market while Cisco Systems lost 82 cents to $21, giving up earlier gains in London trading. Separately, fund flow tracker d that all equity funds got an inflow of $10.9 billion in the week ended June 6 vs. outflows of $3.6 billion in the prior week. And equity funds that invest primarily in U.S. stocks had inflows of $7.2 billion compared with outflows of $1.2 billion the prior week. In the Treasury arena, prices wandered close to the flat line, with the 10-year Treasury note off 1/32 to yield ($TNX) 5.33 percent while the 30-year government bond added 2/32 to yield ($TYX) 5.72 percent. Rating agency Moody's Investors service noted that the record breaking corporate bond issuance of 2001's first five months is predominantly due to the refinancing of an unprecedented contraction of commercial paper outstanding. "CP outstanding is now engaged in its most pronounced contraction since the 1991 recession year. The shrinkage of CP outstanding can be ascribed to a widespread retrenchment of capital spending, a slump in M&A activity, as well as to a possible or actual downgrade of a commercial paper program from the top shelf rating of P-1. Institutional rigidities severely limit the size of the market for CP that is graded less than P-1," Moody's John Lonski commented in his daily research note. No economic data is set for release on Friday. View Economic Preview and economic calendar and forecasts. In the currency space, dollar/yen gained 0.4 percent to 120.60 while euro/dollar shaved 0.5 percent to 0.8466.