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

To: Vitas who wrote (36380)	5/22/2002 12:57:56 AM
From: Susan G	Read Replies (1) \| Respond to of 52237

I love that song <g>

To: Vitas who wrote (36380)	5/22/2002 1:20:41 AM
From: Lee Lichterman III	Respond to of 52237

Don't look now but the dollar is tanking hard presently low 112 area ... quotes.ino.com And Gold is climbing above 318.... kitco.com I even double checked MRCI to make sure they weren't bad quotes. Bull case is dying rapidly here. I need to go bury more mason jars. Something I haven't seen mentioned anywhere else but dividend stocks are dropping hard. Not sure if money is repositioning for an upmove in the trash market or it is just older money leaving after being fed up. Stuff like CARS, CHC, ALD, ACAS, ENN, FCH, NHP all taking hits regardless of sector. Unfortunately the foreign high divs aren't giving up yet and those are the ones I want right now. This might be hinting to me that it is foreign money leaving in light of the falling dollar. Most disturbing is this tends to be older more stable money, not traders and young mo mo guys. If the older money is losing faith..... ================== From: davidd Tuesday, May 21, 2002 4:57 PM Respond to of 39850 "A senior Microsoft Corp. executive told a federal court last week that sharing information with competitors could damage national security and even threaten the U.S. war effort in Afghanistan. He later acknowledged that some Microsoft code was so flawed it could not be safely disclosed." eweek.com =================== Rally fodder: Moody's warns on U.S. debt as Congress stalls... Tuesday May 21, 4:16 pm Eastern Time Reuters Market News Moody's warns on U.S. debt as Congress stalls NEW YORK, May 21 (Reuters) - The United States gilt-edged debt rating could go on review for possible downgrade if a political deadlock with Congress delays U.S. debt payments, ratings agency Moody's said on Tuesday. The last time ratings agencies warned of a mounting risk of default on U.S. public debt was the 1996 budget crisis. Even as the U.S. budget returns to deficits, Congress has refused to allow the government to borrow more money. Moody's said the stalemate does not immediately hurt U.S. credit worthiness. "Moody's believes that the most likely scenario is timely Congressional action prior to there being any problem with payments on debt obligations," the ratings agency said in a press release. The government has enough money to last through June, but the U.S. Treasury has said it could have difficulty in meeting Social Security payments for pensioners in early July without an increase in the debt limit. The administration of U.S. President George W. Bush has asked for an increase of $750 billion in the debt ceiling, currently at $5.950 trillion of which $3.4 trillion is publicly held debt. But if Congress continues to stall and if there is any risk of delays in payment, Moody's said it could put the United States debt on review for a possible downgrade to it's gilt-edged Triple A debt rating. A U.S. Treasury spokeswoman had no comment on the action. U.S. Treasury prices held their modest bid with market participants saying the credit rating agency's statement came as no surprise. "Moody's is just stating the obvious," said Stephen Stanley, senior financial economist, Greenwich Capital Markets, Greenwich, Connecticut. Ratings agencies made similar warnings during the budget crisis and government shutdown in late 1995 and early 1996, he said. But as the battle over funding the government drags on, market nerves may get frayed. "I think it will be dealt with. I think it will occur at the last minute though and as a result I suspect that the markets are going to have to get pretty nervous before all is said and done," Stanley said. Full Story Link... biz.yahoo.com