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


To: Sully- who wrote (39804)8/6/2001 8:15:47 AM
From: Dealer  Read Replies (1) | Respond to of 65232
 
M A R K E T .. S N A P S H O T -- Stocks to start week on the downside
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:56 AM ET Aug 6, 2001

NEW YORK (CBS.MW) -- Stocks look to build on losses Monday as investors again displayed a cautious stance ahead of Cisco Systems' earnings release on Tuesday.

September S&P 500 futures gave up 4.40 points, or 0.3 percent, and were trading about 2.60 points below fair value, according to HL Camp & Co. And Nasdaq futures lost 19.50 points, or 1.1 percent.

In the Treasury sector, prices were mixed, with the 10-year Treasury note was up 2/32 to yield ($TNX) 5.155 percent while the 30-year government bond shaved 1/32 to yield ($TYX) 5.58 percent.

No economic data is set for release Monday. This week's economic calendar tapers off considerably, with the week's highlights represented by the producer price index, the Beige Book report on economic conditions and the second-quarter productivity report. and economic calendar and forecasts.

In the currency sector, dollar/yen edged up 0.2 percent to 123.90 while euro/dollar lost 0.3 percent to 0.8806.



To: Sully- who wrote (39804)8/6/2001 8:29:28 AM
From: stockman_scott  Respond to of 65232
 
07:49 ET FDA Review Process : Barron's reports that some analysts expect FDA approvals to pick up in the next several months b/c an FDA commissioner should be appointed this fall, and additional funding for the agency could kick in. The slowdown in approval time to about 16.9 months from 15.6 months has contributed to the 13% decline in drug stocks this year.



To: Sully- who wrote (39804)8/6/2001 10:20:43 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
Olivari misses the entire debt issue, public and private
the current situation bears zero resemblance to 1982 or 1991

he fixates on a single week of unemployment data
check the moving average for trend, Nick, not one week
there was an uptick in Consumer Confidence back in April
big deal, trend is down now flat

wow, Chan thinks we got the Soft Landing sought after
recession is the reality, not the technicality
who give a rat's shfinkta if it meets the definition
several dozen tech stocks are down over 90% from highs
many are below their late 1998 levels

DEBT is the big issue that makes this time different
hard to escape it
deal with it, or it deals with you
in every phase of life and investing

/ jim



To: Sully- who wrote (39804)8/6/2001 11:35:02 AM
From: Jim Willie CB  Read Replies (3) | Respond to of 65232
 
Houses have investors on a stupid string

last week, a House pushed ChipStocks
INTC rose from 29 to 32
today they get downgraded, pricing pressures
stock price back under 30

four weeks ago, Microsoft was cleared of legal breakup
MSFT rose over 10%
BaldHeadMer then crowed publicly about business looking good
then they warned the next week
stock price is back to where it was

only a fool would believe their crapp
be suspicious
it is hard to make money, apply conviction, then exit dubiously

it aint worth the trouble
I aint no fish on a line
/ jim