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To: Johnny Canuck who wrote (34630)10/4/2001 2:40:41 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 69126
 
Oct 3,2001 Bank Sector

Modest rally in banks mirror modest rally in DOW.

Symbol Last Trade Change Volume Bid Ask Avg Vol Day's Range 52-week Range P/E
AXP Oct 3 29.94 +1.02 +3.53% 6,511,300 N/A N/A 4,820,363 28.50 30.09 24.2000 63.0000 18.47
C Oct 3 43.48 +1.23 +2.91% 19,325,800 N/A N/A 10,825,318 41.69 44.00 34.5100 57.3750 16.09
JPM Oct 3 34.67 +0.02 +0.06% 15,753,100 N/A N/A 6,227,000 34.30 35.28 29.0400 57.3300 19.47
MER Oct 3 41.45 +1.95 +4.94% 8,380,600 N/A N/A 5,032,500 39.01 41.81 33.5000 80.0000 11.79
MWD Oct 3 49.89 +3.07 +6.56% 6,040,700 N/A N/A 4,096,045 46.00 50 35.7500 93.5000 13.61
SCH Oct 3 11.15 -0.23 -2.02% 6,238,300 N/A N/A 3,991,636 10.92 11.29 8.1300 35.8750 33.27
COF Oct 3 48.51 +1.49 +3.17% 2,024,000 N/A N/A 1,856,500 46.15 48.68 36.4000 73.2500 18.44
FNM Oct 3 82.59 +0.09 +0.11% 5,025,700 N/A N/A 2,983,227 81.55 84.01 66.1250 89.3750 17.12
SNDV Oct 3 1.86 +0.02 +1.09% 72,300 1.61 2.23 288,818 1.76 1.91 1.2800 9.0000 N/A
FMC Oct 3 49.65 +0.89 +1.83% 265,900 N/A N/A 307,727 47.82 50.05 45.6500 84.0000 N/A



To: Johnny Canuck who wrote (34630)10/4/2001 5:32:42 AM
From: Clint E.  Read Replies (2) | Respond to of 69126
 
Harry, I wish today's news-based rally would have happened on Oct 31st since there should be plenty of negative earnings news in the next few weeks to cultivate fear and retrenchment. However, I think "why" we rallied today minimizes any serious pullback and at worst limits it to ~1500.

I think we've already seen the worst in the NASDAQ for this year, and most probably for many months to come. I am more bullish now than I was on Sept 10th., and I continue to think that the economy and the markets are more likely to slowly recover in the coming months as the theme becomes "things are not getting any worse and help(stimulus) is on the way".

Clint