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To: Secret_Agent_Man who wrote (275325)1/27/2004 4:25:46 PM
From: MythMan  Read Replies (2) | Respond to of 436258
 
>>Shares of May (MAY: news, chart, profile) peaked at a fresh 52-week high of $33.98, up 37 cents, or 1.1 percent, after Credit Suisse First Boston analyst Michael Exstein raised the department-store retailer's rating to "neutral."

In a note to clients, Exstein said he sees May as an outperformer among the second tier of department-store retailers. Also, he thinks May's growing bridal group "remains an overlooked part of the business and offers some cushion on the downside.

"The Street has not begun to appreciate that fact," he said, referring to investors on Wall Street. His 12-month price target on the stock is $30.<<

what am I missing with this bogus upgrade?



To: Secret_Agent_Man who wrote (275325)1/27/2004 4:31:52 PM
From: mishedlo  Read Replies (3) | Respond to of 436258
 
If Greenspan is loosey goosey on wednesday (is there much doubt here? Note: most everyone on the epic bond bubble board thinks he is either gonna tighten or change bias to tightening and I think they are nuts)

at any rate if Greenspan is loosey goosey the gold silver rally should continue, eurodollars and Euribors should do well, the US$ should get trashed, but to be honest I have no idea what the equity market will do.

If for some reason the bond bubble guys are correct and he tightens, the dollar will soar, gold and silver will be trashed, oil will fall, the Euro will tank, and the stock market and bond market will both get hammered.

It's the casino ladies and gentleman. Place your bets. I am heavily positioned on "loosey goosey" but not in equities at all other than a small basket of miners.

M