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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (22134)	10/19/2001 8:33:32 PM
From: Jacob Snyder	Respond to of 52237

October 19, 2001 After Terror, Insiders Switched From Selling to Buying NYT When the stock market reopened on Sept. 17 after the terrorist attack that destroyed the World Trade Center, one group of investors showed a sudden new enthusiasm for buying: corporate insiders. Buying by insiders — officers, directors and major shareholders of publicly traded companies — has long been viewed as a very bullish sign. They presumably know their companies better than outsiders do, and in an age when stock options are handed out in huge quantities, those who buy in the open market must be confident. David Coleman, the editor of the newsletter Vickers Weekly Insider Report, sees the surge of buying as a sign that stocks are cheap, and is suggesting investors buy. A bear might suggest that some of that buying is for show, as corporate executives try to indicate faith in their companies even as they announce layoffs. But they are still risking their own money. It should be noted that more insiders than usual were allowed to buy in late September. In normal times, a Securities and Exchange Commission rule prevents insiders from profiting from offsetting trades within a six-month period. But Harvey L. Pitt, the new S.E.C. chairman, suspended that rule. Insiders who had sold shares in the open market were permitted to buy at lower prices. Those who did so presumably had thought their stocks expensive earlier in the year but viewed them as cheap in late September. (Mr. Pitt also liberalized the rules for companies buying their own shares, but there are no required reports to show the effect of that change.)

To: TREND1 who wrote (22134)	10/19/2001 8:40:37 PM
From: Jacob Snyder	Respond to of 52237

October 19, 2001 OECD Slashes 2002 Growth Forecasts For World's Most Developed Countries Dow Jones Newswires PARIS -- The Organization for Economic Cooperation and Development said Friday that it sees a severe slowdown in economic growth in the developed world in 2002. The economies of the 30 most developed countries are likely to expand by only 1.2% next year, down sharply from the OECD's earlier forecast of 2.8%. In the U.S., growth is expected to be 1.3%, compared with the OECD's previous projection of 3.1%. The European Union's economy was forecast to grow only 1.5%, down from 2.7%. And in Japan, the economy is expected to contract by 0.8% this year, instead of growing by 1.1%, the Paris-based organization said.