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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (76330)	8/3/2007 5:00:25 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

We just got home and my "just in case of a disaster" stop was hit at 1461.00, what a sell off!!! Too bad I wasn't home to take full advantage of this move, but I can't be everywhere, so I'm flat right now, we were shopping all day for our coming trip... GZ™

To: Real Man who wrote (76330)	8/3/2007 5:32:11 PM
From: Qualified Opinion	Respond to of 94695

CNNMoney.com Bonds jump after Bear CFO comments Friday August 3, 5:04 pm ET Bonds rose Friday after Bear Stearn's chief financial officer said fixed-income market conditions were worse than the Internet bubble, which rattled U.S. stocks. The dollar fell against the euro and yen. The 10-year jumped 21/32, or $6.56 on a $1,000 note, to yield 4.68 percent, down from 4.77 percent Thursday. The 30-year gained 25/32, or $7.81 on a $1,000 note, to yield 4.86 percent, down from 4.91 percent in the previous session. Bond prices and yields move in opposite directions. The five-year rose 18/32 to yield 4.49 percent, while the two-year gained 9/32 to yield 4.43 percent. Bear Stearns Chief Financial Officer Sam Molinaro said bond market turmoil sending investors fleeing from risk may be a worse predicament than the 1980s stock market fall and Internet bubble burst. He said fixed-income market conditions were at their worst in 22 years. Major U.S. stock indexes slid as much as 1.6 percent, sending jittery investors scrambling for the safety of Treasury securities, traders and fund managers told Reuters. Bonds saw earlier gains after the release of two reports showed weakness in the job market. Employers added 92,000 jobs in July, marking the slowest pace since February, the Labor Department said. The unemployment rate rose to 4.6 percent. Employers were forecast to have added 135,000 jobs to payrolls last month, up slightly from a revised gain of 126,000 in June, according to economists surveyed by Briefing.com. The unemployment rate was forecast to remain at 4.5 percent. Signs of a slowing economy make a rate hike more likely, which make bonds more attractive. The U.S. service sector expanded much more slowly in July than in June, suggesting a second-quarter rebound in economic growth may have been short-lived. The Institute for Supply Management's services index tumbled to 55.8 last month from 60.7 in June - well below economists' median forecast for a drop to 59.0. A number above 50 indicates the sector is still growing, but the sharp pullback shows activity is much more subdued, even as separate data point to a sluggish labor market. In currency trading, the euro bought $1.3774, up from $1.3702 Thursday. The dollar bought ¥117.94, down sharply from ¥119.18 in the previous session. -- from staff and wire reports Link: biz.yahoo.com