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


To: SOROS who wrote (44331)11/20/2001 8:17:49 AM
From: Dealer  Read Replies (1) | Respond to of 65232
 
M A R K E T .. S N A P S H O T -- Shares poised for a pullback
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 8:00 AM ET Nov 20, 2001

NEW YORK (CBS.MW) -- Shares are bracing for a modest pullback on Tuesday after checking in with meaningful gains on Monday.

December S&P 500 futures retreated 4.70 points, or 0.4 percent, and were trading about 2.50 points below fair value, according to HL Camp & Co. And Nasdaq futures lost 11.00 points, or 0.7 percent while the Dow Jones Indicative Index rose 5 points, or 0.1 percent, to 9,982.

In shares trading before the opening bell, Intel Corp. (INTC) was down 29 cents in Instinet while Cisco Systems (CSCO) shaved 11 cents to $20.60.

In the government bond arena, prices gained traction for a second session.

The 10-year Treasury note was up 11/32 to yield ($TNX) 4.76 percent while the 30-year government bond climbed 19/32 to yield ($TYX) 5.205 percent.

Tuesday will see the release of the September trade number, seen revealing a $24.2 billion deficit, and October leading economic indicators, expected to come in at flat levels. Check economic calendar and forecasts.

In the currency sector, the dollar edged down 0.2 percent to 122.89 yen while the euro climbed 0.5 percent to 88.24 cents.



To: SOROS who wrote (44331)11/20/2001 11:32:37 AM
From: Jim Willie CB  Read Replies (3) | Respond to of 65232
 
you are getting sarcastic in your ripe years
agreed on the speculation rebuttal though
even kooky Jim Cramer remarked on CNBC yday about bidding up "worthless" stocks like Palm and a few others

once again, the massive monetary stimulus is unprecedented
very difficult for economy NOT to respond to it
but that does not gaurantee any sustained recovery thru 2002
we will see
spending by consumers is still ok
the trouble is with business spending and mfg
both are in the shitto
/ jim