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

To: Clappy who wrote (52198)	5/28/2002 5:30:33 PM
From: Sully-	Respond to of 65232

Dow, Nasdaq end at two-week lows By Julie Rannazzisi NEW YORK (CBS.MW) -- While techs were swept off their worst levels of the day to end only modestly lower, blue chips finished deep in the red as the latest batch of economic news hinted that consumer spending -- the linchpin of the economy during the recent downturn -- could become more tentative in the coming months. Solid existing home sales numbers failed to improve the tone and investors sent the Dow and Nasdaq to lows not seen in about two weeks. Volume remained excruciatingly light, revealing unwillingness among traders to take a stand. "People aren't willing to make a big commitment either way. The market is working its way through accounting issues and nervous about escalating tensions between India and Pakistan," remarked Robert Harrington, managing director and head of listed stock trading at UBS Warburg. Retail, financial and tech sectors like Internet and software took the biggest hits. Not surprisingly, the defensive gold group escaped the downdraft, with a climb in June gold futures to over $324 spurring the advance. Biotech, airline, networking and oil service issues also joined gold shares on the upside, limiting the damage to stocks. The Dow Jones Industrial Average (CBOT: ^DJI - news) relinquished 122.68 points, or 1.2 percent, to 9,981.58, dragged lower by shares of Home Depot, AT&T, Coca-Cola, Procter & Gamble and American Express. Only Hewlett-Packard, Eastman Kodak and SBC Communications ended higher. The Nasdaq Composite (NasdaqSC: ^IXIC - news) slid 9.32 points, or 0.6 percent, to 1,652.17 and the Nasdaq 100 Index (NasdaqSC: ^NDX - news) slumped 8.21 points, or 0.7 percent, to 1,244.82. The Standard & Poor's 500 Index (CBOE: ^SPX - news) wavered 0.9 percent while the Russell 2000 Index (CBOE: ^RUT - news) of small-capitalization stocks gave up 0.2 percent. Volume came in at 954 million on the NYSE and at 1.28 billion on the Nasdaq Stock Market. Market breadth was negative, with losers squashing winners by 18 to 14 on the NYSE and by 19 to 16 on the Nasdaq. Elsewhere, the Index of Investor Optimism rose a touch to 90 in May, up from the prior month's 89, according to UBS Warburg and the Gallup Organization. But investors' expectations for returns on their portfolios over the next 12 months dropped to 9.2 percent in May from 10.6 percent in April while the number of investors who say now is a good time to invest fell to its lowest level since September 2001. A total of 84 percent of investors said the issue of questionable accounting practices was hurting the investing environment while 73 percent said it was being adversely impacted by the conflict between Israelis and Palestinians and 66 percent felt the war on terrorism was hurting psychology. Finally, 62 percent of those polled said the ongoing questions about the integrity of Wall Street analysts' research was negatively impacting the market and investing. On the fund flow front, Trim Tabs reported that U.S. equity funds lost an estimated $1.8 billion in the three days ending May 23 for a monthly rate of $12.9 billion. And bond and hybrid funds saw outflows of $124 million, the fund flow tracker estimated. biz.yahoo.com

To: Clappy who wrote (52198)	5/29/2002 9:42:00 AM
From: T L Comiskey	Read Replies (3) \| Respond to of 65232

CG...Highland cattle are from Scottland...a very old breed...they have been raised for at least 1500 years....good natured inspite of their appearence...they are adaptable...able to forage on almost any pasture...excellent quality meat...( the queen of Englands beef of choice) the skins make good Viking garb...although underwear can be a bit itchy........... I intend on 'keeping' them as lawn mowers... we..hope to be on the road in Aug... T ps..check out these puppies cattle-today.com