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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (8234)9/19/2001 7:16:28 PM
From: energyplay  Read Replies (1) | Respond to of 23153
 
Problems in Corporate bond market may have affected stocks today.

It may be a few weeks before Corporate bond market settles down - right now too many unknowns.
A Federal bail out of the airlines would help a lot.

Bank of England cut 0.25%, news almost burried in other items, even by FT.
UK plans to help their airlines.

Concern about possible second wave of attacks around September 22, and nature and scope of U.S. action are adding to uncertainty. See www.drudgereport.com for latest rumours.

Cell phone related stocks, like VZ and RFMD, doing well as people rush to buy cell phones

Biotech was down 6%, the closed down only 1%...

**********

IMHO, too many trying to cath the bottom, when Overseas investors are still selling and we will be facing many earning warnings. Even if we are near the bottom, bottoms take TIME - not enough time has past...

Best of luck to everyone.