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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (11786)9/24/2003 11:25:37 AM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95531
 
Strong efforts are being made to keep this rally going. From Briefing .com

<11:00 ET Dow -26, Nasdaq -11, S&P -4.48: [BRIEFING.COM] After a short-lived bout of buying, the indices are back to their session lows... Nevertheless, the underlying long-term bias in the stock market remains bullish as we approach Q3 earnings... Supporting this notion are the historically low interest rates, more favorable ratio than in the past of upward guidance versus earnings warnings, and strong economic data telling of an accelerating economy... To that extent, three Fed Presidents are talking up the economy today, with the Texas Fed President McTeer saying "there is every reason to expect the expansion that we have now will get stronger", Minneapolis Fed President Stern in a Bloomberg interview saying economic growth will be "above 4%" next year and 2004 will be "a good year for the economy", and St. Louis Fed President Poole saying he's "optimistic" about the U.S. economy and that long term prospects are "superb"... NYSE Adv/Dec 1324/1562... Nasdaq Adv/Dec 1274/1539.>

Don