To: All Mtn Ski who wrote (4882 ) 10/17/2001 11:04:10 AM From: John Pitera Respond to sure thing Tom, I totally agree with you, I like to get input from all over, I've found that often when the bulls or"we believe the current consensus for the fourth quarter is reasonable." Not to be outdone, semiconductor and computer-related shares have found an additional boost from Intel, which said that fourth quarter sales will come in line with analysts' forecasts. Phone stocks have also fared well in Europe, as the French government has decided to improve the terms for its UMTS mobile phone licenses. S&P futures up 13.80, Dow futures up 101, Nasdaq futures trading 50.50 points higher. another wave of asset allocation trades however. Flight to quality concerns continue to underpin the market, but heightened anthrax scare not as influential as initially expected, a dynamic evidenced by the strength in the dollar. Greenspan not surprisingly the focus today. While the need for more easing is fairly obvious, there is some speculation that the Fed Chairman may try to "talk-up" the US economy. 'Dollar/yen pushing near yesterday's five-week highs . Aggressive stimulus expectations continue to underpin the greenback, particularly when considering the external reluctance towards reflation . IBM and Intel news not surprisingly a plus. Sterling outperforming on the euro axis amid expectations that the BoE will continue to foster growth. Euro/sterling cross also weighed down by M&A speculation surrounding Philips proposed $1.1 bln purchase of Marconi's medical systems business Euro near the day's lows following a slightly higher than expected inflation print. Asian regionals mixed despite yen weakness. Taiwan dollar little changed with the CBC reportedly on both sides of the market, while the Korean won was hit by speculative selling.
