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

To: Clappy who wrote (45062)	12/12/2001 9:03:37 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 set for steady open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:38 AM ET Dec 12, 2001 NEW YORK (CBS.MW) -- Stocks are poised for an open close to the flat line on Wednesday in the aftermath of a rate cut from the Fed and a profit warning from Merck. The drug kingpin (MRK) edged up 45 cents to $61.15 in Instinet pre-open dealings after tumbling 9.4 percent on Tuesday and dragging the Dow Industrials into the minus column late in the trading day. Late in the afternoon Tuesday, Merck's dour news threw cold water on a post-Fed-cut rally. The company, speaking at a meeting with Wall Street analysts, said it expected no earnings growth in 2002 but said it expected to deliver double-digit earnings per share growth in 2003. December S&P 500 futures added 1.30 points, or 0.2 percent, and were trading about 0.70 point above fair value, according to HL Camp & Co. Nasdaq futures ran up 8.00 points, or 0.5 percent while the Dow Jones Indicative Index gained 28 points, or 0.3 percent, to 9,916. On the economic front, the third-quarter current account deficit narrowed to $95 billion, the narrowest gap since the fourth quarter of 1999. In addition, the November import price index fell 1.6 percent. Excluding fuel, import prices shed 0.6 percent. Check economic calendar and forecasts. In analyst actions, Morgan Stanley reduced its fourth-quarter global volume estimate on Coca-Cola (KO) to 4 percent from 5 percent to reflect slower volume growth in Latin America and Asia. Morgan told clients that it prefers PepsiCo(PEP), with 14 percent earnings-per-share growth forecast for 2002. Pepsi shares closed on Tuesday off 0.8 percent while Dow stock Coke was near flat levels. And Morgan Stanley upped its fiscal second quarter 2002 earnings-per-share estimate on Dow company Procter & Gamble (PG) to reflect a better-than-expected mix and pricing as well as higher gains from non-operating income. Estimates for 2003 and 2004 were raised as well. P&G ended close to flat levels. In the government bond arena, prices gained yardage for a third straight session. The 10-year Treasury note was up 1/8 to yield ($TNX) 5.04 percent while the 30-year government bond climbed 6/32 to yield ($TYX) 5.53 percent. In the currency corner, the dollar lost 0.1 percent to 125.87 yen while the euro added 0.2 percent to 89.37 cents. --------------------------------------------------------------------------------

To: Clappy who wrote (45062)	12/12/2001 12:32:09 PM
From: BirdDog	Read Replies (1) \| Respond to of 65232

...which one do you think is going to be a tougher nut to crack? ...or the Venkies and Bird Dogs here at home? ...there are so many here in our own country, who still think the same way as our them. Please excuse me if I interpreted this wrong. I don't want to turn this into another knit picking thread. If I did interpret it right...: Please don't confuse thinking the same way, with having the wisdom to see when it is time to be forced to treat them the same way they treat others. They've gone too far. BirdDog