SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (38035)6/21/2001 7:53:28 AM
From: Dealer  Read Replies (2) | Respond to of 65232
 
M A R K E T .. S N A P S H O T -- Stocks look to open on steady note
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:18 AM ET Jun 21, 2001

NEW YORK (CBS.MW) -- Shares prices are readying for an open on the flat side Thursday, with investors still unwilling to step up to the plate as the pre-announcement season unwinds.

Buyers did take the tech sector higher Wednesday in a vigorous late-day move propelled predominantly by the Internet and software sectors.

September S&P 500 futures eked out a gain of 0.50 point and were trading about 1.90 points below fair value, according to HL Camp & Co.'s figures. Nasdaq futures, in the meantime, slipped 5.00 points, or 0.3 percent.

Long-dated Treasurys notched gains while shorter issues hugged the flatline.

The 10-year Treasury note put on 3/32 to yield ($TNX) 5.19 percent while the 30-year government bond gained 1/4 to yield ($TYX) 5.65 percent.

Thursday will see the release of weekly initial claims and the April trade gap, with a $31.2 billion deficit expected. View Economic Preview and economic calendar and forecasts.

In the currency arena, dollar/yen added 0.3 percent to 124.29 while euro/dollar edged up 0.1 percent to 0.8560.

--------------------------------------------------------------------------------



To: stockman_scott who wrote (38035)6/23/2001 10:55:07 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
2ndHalf Recovery will begin in spring2002
maybe some early signs of life at Christmas buying season
some false hope and meagre evidence for Back2School
with the entire world sliding into a recession,
the thought of a 2ndHalf Recovery seems more and more like a hyped sales pitch by a used car salesman

read an interesting blurb recently
says to watch JUNK BONDS for a signal of turnaround
they usually turn upward about six months before a REAL econ recovery
nowhere near the case yet
so no recovery by December
/ jw