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To: MythMan who wrote (266847)11/12/2003 8:51:54 AM
From: ldo79  Respond to of 436258
 
One of these days rally hats will be issued with chin straps:

07:28 ET WSJ suggests dozens of stocks could get hit due to investor withdrawls : The Wall Street Journal's "Heard on the Street" column suggests dozens of stocks could get hit if investors continue to pull money out of fund companies caught up in the mutual fund scandal. According to the article, assets under management at Putnam Investments fell by a staggering $14 billion last week, with $4 billion coming out of the firm's mutual funds. To help make up for the investor withdrawals, Putnam said it sold stocks in its mutual-fund portfolios totaling $5 billion to $7 billion, or 3% to 4% of its assets. The article notes this particular selling is of concern as it could affect the prices of stocks in Putnam's portfolio and even hurt the market in general. In addition, some stocks are particularly vulnerable given Putnam, Janus, Strong and Alliance Capital collectively owning a hefty 24.6% of the shares outstanding of auto parts maker LEA; almost 21% of ATN, which sells motor-sports merchandise; 20.8% of cable operator CMCSA; and 19.7% of JNPR.



To: MythMan who wrote (266847)11/12/2003 8:55:56 AM
From: zonder  Respond to of 436258
 
And more bullish news:

Trade sanctions loom as WTO rules US steel tariffs illegal

guardian.co.uk

Is that bullish for the US current account deficit? For the USD? Hmmmm...



To: MythMan who wrote (266847)11/12/2003 9:26:23 AM
From: Knighty Tin  Read Replies (3) | Respond to of 436258
 
Happy Silver Day to one and all! And belated happy Vets Day to all of my fellow animal doctors. <G>



To: MythMan who wrote (266847)11/12/2003 9:43:21 AM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
that's very boolish. you buying?



To: MythMan who wrote (266847)11/12/2003 5:39:08 PM
From: Terry Maloney  Respond to of 436258
 
Apparently. <g>

Even the Italian market was up on the day ...