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

To: stockman_scott who wrote (46209)	1/11/2002 8:07:37 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

M A R K E T .. S N A P S H O T -- Stocks set to gain traction By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:04 AM ET Jan 11, 2002 NEW YORK (CBS.MW) --U.S. shares are poised to notch some gains on Friday as investors brace for a speech from Fed chair Alan Greenspan on the economy. With stocks banking that the recession is on its last legs and the bond market already factoring in the possibility of rate hikes later in the year, investors will be closely monitoring Greenspan's tone for signs that a change in policy -- perhaps a shift to a neutral stance on rates from the current bias towards easing -- is imminent. In the futures markets, the March S&P 500 futures contract added 0.40 point and was trading about 2.30 points above fair value, according to HL Camp & Co. And Nasdaq futures shaved 2.00 points. Over in the government bond arena, prices lost some minor ground across the board. The 10-year Treasury note was down 2/32 to yield ($TNX) 4.98 percent while the 30-year government bond declined 2/32 to yield ($TYX) 5.42 percent. Friday will see the release of the producer price index, expected to have declined 0.2 percent in December and to have increased 0.1 percent at the core, which excludes food and energy components. Check economic calendar and forecasts. In the currency sector, the dollar lost 0.1 percent to 132.10 yen while the euro edged up 0.1 percent to 89.18 cents.

To: stockman_scott who wrote (46209)	1/11/2002 11:06:53 AM
From: Jim Willie CB	Read Replies (4) \| Respond to of 65232

fallout from Enron, in my opinion: much tighter GAAP rules, ending "OTHER" and ProForma crapp the off-book abuses are pure fraud most of the time and violation of disclosure all of the time ProForma has become a comedy tougher enforcement of accounting by SEC, with fines they need to fine 50-100 companies per year until it ends $5 Billion class action lawsuit against Anderson kill them, kaput, make an example $100M settlement with SunBeam's class action lawsuit will seem small soon phase in the next largescale deregulation effort whenever a sector is deregged, strange control abuses follow look at wireless, mired for next 3 years at least overexpansion, overpaid spectrum licensing look at telephone, which merely moved to local strangehold FTC is another problem altogether, blocking healthy mergers Dynergy, Calpine rise 300-400% by 2004 these were trashed unjustiably, as will be seen in several months the NewYorkTimes slammed Calpine irresponsibly, and will be embarrassed / jim