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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (610)	6/25/2003 10:21:52 AM
From: Londo	Respond to of 666

CAD: Probably had something to do with our finance minister today saying that we're going to avoid fiscal deficits. As much as I hate our government, that's the right thing to do. We don't want to turn into a fiscal basket case like America is right now. We were also hinting that due to SARS, mad cow disease and general lack of inflation (at our target rate of 2%), we're probably going to cut interest rates a quarter point next time around.. but we're in no panic, unlike what Greenspan has to do. I also don't think that VRTY is a good proxy for the software industry or anything else in general. But companies warning will obviously get crushed. S&P up 7 points pre-Greenspan currently.