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To: Boplicity who wrote (10680)	5/8/2003 12:06:38 AM
From: Boplicity	Read Replies (1) \| Respond to of 13815

story.news.yahoo.com I like this. Greg P.s. this says it all from AOL. NEW YORK (May 7) - Stocks finished lower Wednesday, as wary comments from the Federal Reserve and tech bellwether Cisco Systems Inc. the previous day put the brakes on a hefty rally over the past two months. "Going forward, the market will be watching for more clues on how the economy will look post-Iraq war," said Bill Strazzullo, market strategist with State Street Corp. "We have to see economic data improve to justify the rally in stocks." Stocks have climbed since mid-March on investors' hopes the economic recovery will pick up momentum later this year. But the Fed sounded a cautious note Tuesday, warning of a possible "unwelcome substantial fall in inflation." Cisco also pressured technology stocks with a tepid sales outlook. The Dow Jones industrial averageended down 27.73 points, or 0.32 percent, at 8,560.63, according to the latest available data. The broader Standard & Poor's 500 Index shed 4.77 points, or 0.51 percent, to 929.62. The technology-laced Nasdaq Composite Index finished off 16.95 points, or 1.11 percent, at 1,506.76. "I don't think there's a catalyst for the selloff other than stocks have had a real strong move over the last couple of weeks," said Tim Anderson, senior block trader at Citigroup. "There's not a lot of economic news coming out, other than the weekly jobless claims tomorrow, and stocks need to spend a few days consolidating the strong gains they had in the past few weeks," Anderson added. Decliners outnumbered advancers by a ratio of 17 to 15 on the New York Stock Exchange and by a ratio of 9 to 7 on the Nasdaq. Trading was active, with roughly 1.50 billion shares changing hands on the Big Board, and about 1.88 billion shares traded on the Nasdaq. COKE SOARS, CISCO DROPS A bullish call on soft drink maker Coca-Cola Co. helped limit the Dow's decline. Its shares jumped 5.49 percent, or $2.25, to $43.27 after investment bank Morgan Stanley raised its rating on Coke to "overweight" from "equal-weight." However, fellow Dow member General Electric Co. gave up 27 cents, or 0.93 percent, to $28.85. Earlier, GE's chief executive said the conglomerate would meet its earnings targets for the second quarter and full year as the end of the Iraq war helped offset travel-sector weakness due to the SARS virus. Emerson Electric Co., a manufacturer of industrial automation and process control equipment, fell $2.85, or 5.48 percent to $49.20 after it cut its earnings outlook for the year and forecast flat to lower sales volume. On the Nasdaq, Cisco Systems, the No. 1 maker of equipment that directs Internet traffic, fell a day after it reported its second-best-ever net profit in its fiscal third quarter. But investors were frustrated with Chief Executive John Chambers' forecast that current-quarter sales would likely not rise from the third quarter. Cisco fell 42 cents, or 2.64 percent, to $15.48. Its drop weighed on other networking shares, dragging the S&P communications equipemnt index down 2.29 percent. Satellite radio maker Sirius sank 10 cents, or 8.19 percent, to $1.11 and ranked as the Nasdaq's most actively traded issue. Its stock surged a day ago after XM Satellite Radio Holdings Inc., another satellite radio maker, said No. 1 retailer Wal-Mart Stores Inc. will sell a line of its portable satellite receivers.

To: Boplicity who wrote (10680)	5/8/2003 9:16:37 AM
From: Sig	Respond to of 13815

May get a bit of downer here but nothing major. Money will continue to come back into good dividend payers and tech growth stocks. Not much interest in the old Dow stocks, like Sears. SHRP and specialties do much better. Dell's price impossible to figure >Analysts use figures,data, to compute and still Dell seems to do better than expected , keeps that high P/E Analysts are always complaining that P/E's are too high but I am not too concerned. MM funds and CD's pay so little that people will tolerate high P/E's to get some kind of gains, have a little adventure. Sig