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

To: Jimbo who wrote (40226)	8/14/2001 8:21:35 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Techs poised for more gains Broad market also set for upside open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:31 AM ET Aug 14, 2001 NEW YORK (CBS.MW) -- The tech sector is set to extend its upside Tuesday, with the broad market also poised to open higher after ending Monday's session right around the unchanged mark. In the futures markets, September S&P 500 futures climbed 6.00 points, or 0.5 percent, and were trading about 4.00 points above fair value, according to HL Camp & Co. And Nasdaq futures put on 16.00 points, or 1.0 percent. Among shares trading in the pre-market, tech heavyweights Intel (INTC) and Cisco Systems (CSCO) were up 19 cents and 9 cents, respectively. Government bond prices descended, with the 10-year Treasury note off 3/32 to yield ($TNX) 4.985 percent while the 30-year government bond subtracted 2/32 to yield ($TYX) 5.52 percent. The week's main event, the July retail sales report, will be released Tuesday morning and is seen declining 0.1 percent overall but is expected to climb 0.2 percent excluding autos. and economic calendar and forecasts. In the currency sector, dollar/yen rose 0.2 percent to 122.77 while euro/dollar edged down 0.1 percent to 0.8958. In a surprise move, the Bank of Japan again eased monetary policy to inject some life into the country's moribund economy. The move sparked furious buying in Japanese equities, driving the Nikkei 225 Index up almost 4 percent. The BOJ decided to further loosen policy by raising the current-account deposit target to 6 trillion yen ($48.7 billion) from 5 trillion yen and increasing outright purchases of Japanese government bonds to 600 trillion yen a month from the current 400 trillion yen. and --------------------------------------------------------------------------------

To: Jimbo who wrote (40226)	8/14/2001 11:46:06 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

the Houses will continue to throw Chip Curveballs as long as the investing public continues to swing and miss I laughed hard when I saw INTC pumped yday what? a two hour followthru? didnt we watch that ruse two weeks ago? most investors dont realize that chips are not the leading indicator it is chip equipment stocks so a chip fake is easy to sell economic signals precede any chip or chipequip indicator only junk bonds are showing any life and they resemble a guy rising with one arm merely to puke I found the Citicorp layoffs interesting some momentum downward in financial services that is the last piece to break down imo then consumer spending tightens much more really looking forward to hearing of massive WallSt layoffs brokers, investment bankers, analysts -- all the conmen lay them off before the lawsuits get out of control / jim