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To: Les H who wrote (6934)4/4/2003 9:26:23 PM
From: Les H  Respond to of 29595
 
"If forced to choose between recession and potential injury to commercial paper and money market mutual funds industries, we suspect the Fed will err on the side of cutting rates more aggressively," said Abate.

There has been much speculation in recent weeks that the Fed would be reluctant to take interest rates below 0.75 percent because yields would then be too low for MMMFs to be able to cover the costs of managing their funds.

It could also result in a large shift of money out of MMMFs and, since these funds are large buyers of commercial paper, make it harder for companies to find short-term financing.

This is a not inconsiderable danger since MMMFs have expanded markedly in recent years, holding more than $2.2 trillion in assets this year versus less than $1.0 trillion in 1998.

At the end of last year, they held roughly 44 percent of the $1.3 trillion worth of outstanding commercial paper.

more at link

reuters.com



To: Les H who wrote (6934)4/7/2003 8:06:10 PM
From: Les H  Read Replies (1) | Respond to of 29595
 
Oil & Gas Drillers, Field Services, and Equipment (54 stocks)
OSX Amex Oil Services Index and OIH Oil Services Holders
_ percent stocks over MA Trend Price Phase
_ market OSX 10 d 21 d 50 d 200d Score Phase Change
_---------------- ---- ---- ---- ---- ----- ----- ------
_Apr 7 83 17 32 35 32 66 -0.53
_Apr 4 84 20 35 37 32 95 -0.36
_Apr 3 84 39 43 37 33 95 -0.21 DOWN
_Apr 2 86 67 67 57 43 97 -0.07
_Apr 1 85 78 72 50 39 99 -0.28
_Mar 31 84 43 50 39 37 75 -0.44
_Mar 28 86 82 67 50 44 42 -0.41
_Mar 27 85 69 46 44 37 -65 -0.71 UP
_Mar 26 83 30 20 30 30 -94 -0.91
_Mar 25 83 48 26 39 32 -63 -0.75
_Mar 24 82 35 17 26 28 53 -0.54
_Mar 21 84 63 26 41 33 82 -0.15 DOWN
Retailers (222 stocks)
RLX Amex Retailing Index and RTH Retailers Holders
_ percent stocks over MA Trend Price Phase
_ market RLX 10 d 21 d 50 d 200d Score Phase Change
_---------------- ---- ---- ---- ---- ----- ----- ------
_Apr 7 287 81 91 78 40 100 4.37
_Apr 4 287 72 83 74 35 100 4.19
_Apr 3 284 67 84 73 37 99 3.93
_Apr 2 283 73 87 70 34 85 3.71 UP
_Apr 1 274 30 75 61 26 79 3.45
_Mar 31 272 34 73 57 26 72 3.67
_Mar 28 276 43 79 59 25 82 4.00 DOWN
_Mar 27 279 56 82 62 27 87 4.12
_Mar 26 280 70 87 63 26 95 4.04
_Mar 25 280 86 89 65 27 99 3.81
_Mar 24 274 83 85 56 25 99 3.53
_Mar 21 286 96 91 71 32 93 3.46
link to March data
Message 18794729
link to February data
Message 18682872
link to January data
Message 18583629