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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (11778)	7/31/2002 8:46:14 AM
From: Rainy_Day_Woman	Respond to of 17639

Early action suggests that investors are taking a cautious approach to the stock market Wednesday ahead of the morning's GDP release. Gross domestic product is expected to have risen by 2.4 percent, according to economists polled by CBS.MarketWatch.com. That compares to the 6.1-percent pace of the first quarter, when inventory restocking fueled a brisk rate of expansion. Lower second-quarter GDP numbers appear to be very much in synch with the downward adjustment to equities over the same timeframe, according to research firm IDEAglobal. Data-hungry investors will have more than just GDP to chew on Wednesday: the Fed's Beige Book report on economic conditions is due out in the afternoon while the Chicago Purchasing Managers Index for July -- which is seen coming in at 56.4 percent -- will be unleashed around mid-morning.

To: Oral Roberts who wrote (11778)	7/31/2002 9:11:47 AM
From: Bocor	Read Replies (1) \| Respond to of 17639

Jeff, they will somehow, some way find a way to spin this market on fast cycle until each and every investors 401k and retirement funds are empty. With $110 billion in under-funded pensions, 9 trillion in unfunded Social Security liability, Expensing of stock options beginning to unfold, and consumer confidence waning, desperate times call for desperate measures. The S&P is valued for a perfect world ala 1998. Unfortunately we aren't even close, yet there is still a lot of stock to distribute to the masses. Where there's a will there's a way.