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To: William McKinley
Was the expectation of this vote the reason the stock market was up?
46 posted on 05/15/2003 4:43:06 PM PDT by aristeides
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To: aristeides
The stories on the market I am seeing don't credit that. For example:

"The market is being pushed higher more on the news of individual corporate profits and comments like IBM's rather than the economic backdrop, which is mixed at best," said Brett Mitstifer, senior portfolio manager at Value Line Asset Management, which oversees $4 billion.

But he said Wall Street also got some signs business conditions may be on the mend. One was an early report that factories in New York State ramped up activity and hired workers in May. Another was a drop in the weekly number of Americans filing for first-time unemployment benefits.

http://biz.yahoo.com/rb/030515/markets_stocks_23.html

Should make for a nice rally tomorrow, if things like this go as one would expect (which they rarely do lol)
50 posted on 05/15/2003 4:45:42 PM PDT by William McKinley (Our differences are politics. Our agreements are principles.)
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