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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (283989)	4/13/2004 2:49:49 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 436258

Even great news from INTC won't address what's causing people to sell today. Of the 140 some odd Dow Jones indexes I follow, the only one up is the REITS and they've already been basted for days. Mining, securities, utilities, banks, tech, auto, gas, industrial - all down 2% plus. INTC will do nothing for many of the interest rate sensitive sectors which are and have been under heavy pressure. Some of these had been testing tops in the last few days or recently. Speaking of interest rate sensitive... the bond market sell off has been going on for some time now, not just today. Maybe the sell off is due to the "Bush Put" - his news conference. Perhaps he'll order up a ton more troops. Or bring back the draft. (only half joking)