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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (346)6/21/2001 10:37:52 AM
From: keithcray  Read Replies (1) | Respond to of 208838
 
SEBL velly velly weak, we can be boppin that one all day mebbe



To: 2MAR$ who wrote (346)6/21/2001 10:39:59 AM
From: SusieQ1065  Respond to of 208838
 
Seems like sellers have control right now, bebbe edit: except they keep buying CSCO



To: 2MAR$ who wrote (346)6/21/2001 10:41:26 AM
From: $Mogul  Read Replies (2) | Respond to of 208838
 
FED TALK: Fed easing odds are slightly lower but little changed in the wake of this morning's data. The July Fed Fund futures contract is trading at 3.64%, reflecting about a 45% chance that the Fed cuts rates by 50 basis points instead of 25 basis points, down from 50% prior to the data. The slight dip in expectations is likely due to the above-expectations jobless claims reading, but the claims data were hardly strong with claims holding above 400,000 for the fifth straight week and continuing claims rising as well. The market is continuing to price in about an 85% chance the Fed cuts rates by 25 basis points in August if they don't cut by 50 basis points next week. An article doesn't do much to swing the debate one way or the other. Berry notes that "some Fed officials are becoming increasingly concerned that any rebound in growth might not begin until next year and that it could start out weaker than many investors and analysts are expecting." But he also writes that officials concede that more rate cuts won't necessarily help boost business investment, weaken the dollar (to help the manufacturing sector) or boost the stock market.