SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (61286)3/3/2002 10:01:10 PM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Asian Stocks Rally on U.S. Economic Report; Sony, Exporters Up
By Michael Tsang

quote.bloomberg.com

Tokyo, March 4 (Bloomberg) -- Asian stocks rallied, led by Sony Corp., Samsung Electronics Co. and other exporters, after U.S. manufacturing grew for the first time in 19 months, lifting the region's biggest trading partner out of recession.

Japan's Nikkei 225 stock average jumped 5.1 percent, its biggest advance in almost a year, as computer-related companies and automakers made up almost a third of the market's rally. Korea's Kospi index gained 3 percent to a 20-month high, while chipmakers in Taiwan and Singapore gained after their peers in the U.S. soared 11 percent as a group.

``The economic recovery is much stronger now in the first six months than most people had anticipated,'' said Hans Goetti, director at Citigroup Asset Management in Singapore, which in Asia manages $300 million in tailored discretionary portfolios funds for high net worth individuals.



To: Gottfried who wrote (61286)3/3/2002 10:26:23 PM
From: Return to Sender  Read Replies (1) | Respond to of 70976
 
I think the market (SOX and NASDAQ) will continue to show upward strength probably until Thursday or Friday of this week and then begin to sell back towards the bottom of the trading range. Hey how about it! We hit 1800 on the NASDAQ and almost hit my SOX target on Friday.

Message 17115178

Continued market strength throughout the week? This of course cannot happen if something catastrophic occurs before the end of the week. Interesting reading about the divergence between INTC and AMAT at StockCharts.com. Keep the good information coming from them!

On the market... I just do not see us leaving this trading range just yet. An AMAT close above 48 would help a lot though!

Thanks, RtS