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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Bucky Katt who wrote (11185)7/2/2002 12:18:29 PM
From: J D B  Read Replies (2) | Respond to of 13094
 
"just the abyss..."; yes - even my rats aren't protected today - guess they're always the last off the ship.



To: Bucky Katt who wrote (11185)7/2/2002 12:35:44 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
William:

Here is a CBS Marketwatch snipit:

10:00am 07/02/02
Challenger: June job cuts rise to 94,766 By Rex Nutting
U.S. corporations announced 94,766 job cuts in June, an 11.5% increase over May's total, according to a monthly report from international outplacement firm Challenger, Gray & Christmas. Telecommunications companies were the biggest job cutters again in June, slicing 30,455 jobs during the month. Telecom accounted for 23% of all layoff announcements in the first half of the year. Computer companies cut 25,392 jobs in June. Industrial goods companies cut 8,801.

We're going to need a shoe tree for all those other shoes to drop... Enron, Andersen, Tyco, Xerox, Vivendi, etc...

If the VIX passes 36 it sets up a potential market bottom as it shoots into the 40's and 50's...
bigcharts.marketwatch.com

Jim