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

To: Uncle Frank who wrote (54632)	8/22/2002 4:23:57 AM
From: elpolvo	Respond to of 65232

uncle artist- wow. i knew there was something about you i could love. <g> great photography! they're all beautiful... "focused" is something else. i've never seen anything like it. thanks for posting your pictures. -humiliated

To: Uncle Frank who wrote (54632)	8/22/2002 7:35:52 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

UF, ......they are all great. I think the flowers are my favorites and the "Sky Tunnel" is very interesting to me. So nice to have a hobby while waiting on this market to turn around....... Keep shooting.......Eventually! Thanks, deals

To: Uncle Frank who wrote (54632)	8/22/2002 9:37:49 AM
From: Jill	Read Replies (1) \| Respond to of 65232

Hey, UF, those are beautiful. Amazing. Did you play with them after on photoshop? How did you get "Focused" to look like that? And chorus in the round is really neat too. Hmm I wonder if something is going on--if this board is starting to pick up again--could be prescient...or not...one never knows!

To: Uncle Frank who wrote (54632)	8/22/2002 11:49:59 AM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Dow tops 9,000 for first time in 6 weeks Thursday August 22, 10:58 am Eastern Time CBS MarketWatch By Julie Rannazzisi NEW YORK (CBS.MW) -- Stocks erased early losses and raced higher Thursday, with the Dow topping the 9,000 level for the first time in six weeks. An analyst upgrade of Microsoft sustained its shares and underpinned the entire software group. Networkers also saw aggressive buyers. Financials recovered despite a drop in J.P. Morgan shares after Moody's placed the Dow company's long-term rating on review for possible downgrade. In the broad market, airline issues raced higher for a second straight session, followed by natural gas, oil service and consumer issues. The Dow Jones Industrial Average (CBOT:^DJI - News) jumped 67 points, or 0.7 percent, to 9,022. Moving higher were shares of Home Depot, Microsoft, Hewlett-Packard, American Express and AT&T while J.P. Morgan, Intel, 3M and Wal-Mart lost ground. The Nasdaq Composite (NasdaqSC:^IXIC - News) rallied 12 points, or 0.9 percent, to 1,421 and the Nasdaq 100 Index (NasdaqSC:^NDX - News) jumped 12 points, or 1.2 percent, to 1,047. The Standard & Poor's 500 Index (CBOE:^SPX - News) climbed 1 percent while the Russell 2000 Index (CBOE:^RUT - News) of small-capitalization stocks added 0.3 percent. Volume came in at 400 million on the NYSE and at 580 million on the Nasdaq Stock Market. Market breadth turned positive, with advancers outpacing decliners by 17 to 11 on the NYSE and by 15 to 13 on the Nasdaq. J.P. Morgan slides; Microsoft rallies J.P. Morgan (NYSE:JPM - News) fell 2.8 percent after rating agency Moody's Investors Service placed the Dow component's credit rating on review for possible downgrade due to concerns over its current and prospective profitability and worries over dwindling activity in the capital markets. The rating agency added the bank's role in the Enron fiasco may "damage its reputation, subject it to greater regulatory scrutiny, and expose it to expensive litigation." Last week, Standard & Poor's placed the ratings of J.P. Morgan, Merrill Lynch and Morgan Stanleyon Credit Watch with "negative implications" due to the deteriorating profitability picture of the investment banking industry. Fellow Dow components Citigroup and American Express rose 1 percent and 1.6 percent, respectively. In the software sector, an upgrade of Dow component Microsoft (NasdaqNM:MSFT - News) from Salomon Smith Barney sent its shares up1.7 percent in recent dealings. The brokerage upped the software kingpin to a an "outperform" from a "neutral" following a recent information technology spending story recently conducted by the firm. The survey, Salomon said, suggests that Microsoft will get an increasing percentage of Fortune 1000 IT budgets over the next 6 months. Additionally, the brokerage said Windows' market share is increasing and that the current shift to the Linux operating system appears to be more of a threat to the Unix system. Salomon acknowledged that the primary risks to its upgrade include the challenging economic environment and softening retail PC Unit growth expectations. Another round of earnings reports from retailers hit the tape on Thursday. Barnes & Noble (NYSE:BKS - News) slid 1.8 percent after posting a second-quarter profit that fell short of expectations. Further, the bookseller lowered its second-half comparable store sales forecast to 2- to 3 percent, down from 4- to 5 percent and trimmed its 2002 earnings target. Limited Brands (NYSE:LTD - News) edged down 0.9 percent after registering a second-quarter profit that handily topped Wall Street's view and adding that it was "comfortable" with the current targets for its third and fourth quarters. Panera Bread (NasdaqNM:PNRA - News) slid over 5 percent after posting an in-line second-quarter profit. The bakery-cafÃ© operator also backed its third- and fourth-quarter earnings-per-share targets, as well as 2002 and 2003 profit projections. Treasurys take a hit Government bonds declined significantly for another session as stocks captured investors' attention. The 10-year Treasury note was off 19/32 to yield (CBOE:^TNX - News) 4.275 percent while the 30-year government bond declined 1 3/32 to yield (CBOE:^TYX - News) 5.086 percent. In economic news, jobless claims fell 2,000 to 389,000 in the latest week vs. the 385,000 level that had been expected by economists. No economic reports are due out for the balance of the week, leaving fixed-income investors with little to focus on. Next week's calendar picks up considerably, though the first week of September will contain the most crucial releases ahead of the Sept. 24 Federal Open Market Committee meeting. In the currency sector, the dollar rose shot up 1 percent to 119.58 yen while the euro declined 0.7 percent to 97.30 cents. ______________________________ btw, uf those are nice digital pics you're taking...the SI thread in that area has really taken off too.

To: Uncle Frank who wrote (54632)	8/23/2002 7:40:59 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Don't get your hopes up, analysts say of the market Friday, August 23, 2002 COX NEWS SERVICE ATLANTA -- The stock market's latest rally continues to gain momentum, but it has some strategists worried that investors will go overboard only to be disappointed again. With the Dow Jones industrial average moving back above 9,000 yesterday and the Standard & Poor's 500-stock index recording a bullish advance of more than 20 percent since July 23, such enthusiasm may be hard to quell. But some strategists are cautioning investors against expecting a quick, steady rise in major stock indexes anytime soon. "We emphasize that we do not expect a new bull market phase to begin forthwith," Salomon Smith Barney strategist Tobias Levkovich said yesterday in his latest analysis. He said history shows that, once a bear market has ended, "it takes time to wring out all the excesses" caused by the previous bull market. Analysts at Standard & Poor's Corp. said "it will take time to repair the significant technical and psychological damage" caused by the bear market. And given the "many failed rallies" that have occurred over the past 30 months, investors "will find it hard to muster a great deal of courage" to re-enter the market, the S&P analysts said. The Dow closed yesterday at 9,053.64 with a gain of 96.41 points, or 1.1 percent. The Dow's last close above 9,000 was 9,096.09 on July 9. The blue chip index has risen 17.5 percent since July 23. The 13.34-point, 1.4 percent, gain by the S&P 500 to 962.70 yesterday pushed that index to a gain of 20.7 percent since July 23, meeting Wall Street's informal definition of a bull market as any rise of 20 percent or better. __________________________________ uf: Hope you're having a good summer...congrats on the digital photography -- you have taken some great shots.