Crocodile
- 10 May 2004 21:50
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S&P Futures |
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U.S. stock markets tumbled on worries that
interest rate rises will damage the economic recovery
Sage reported a better than expected half
year profit of 86.7 million pounds on revenues up 23 percent to 332.5 million.
"Whilst market conditions are substantially unchanged, these strong results show
that our growth strategy is gaining momentum in each of our core markets. We
therefore continue to view 2004 with confidence," Chairman Michael Jackson said
in a statement.
Enodis maker of ovens for fast-food
chains, said it was cautiously optimistic about the rest of its financial year
as it reported first half profits in line with expectations.
Slough Estates business parks operator said
that while overall economic conditions had made 2003 a tough year, things were
improving and its long-term outlook remained good.
John David Group
sportswear retailer sales rose O.9 percent in the quarter as the company reviews
operations to improve its prospects after its full-year profits slumped to 6m
million pounds from 15.1m at the low end of market forecasts.
Ashtead equipment hire firm will post an eight percent drop in annual revenues
due to the impact of the weaker U.S. dollar. Revenues were around 500m compared
with 540m the year before. |
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Calendar: United Kingdom
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United States (GMT) |
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Europe & World (GMT) |
Centurion Electronics (I), Enodis (I), Sage Group (I), Robert Wiseman (F), UKbetting
(F), John David (I), Ashtead (I)Johnson Service Group (AGM), Macfarlane Group
(AGM),
Standard Chartered (AGM / Trading), WSP Group (AGM),March Industrial/Manufacturing Output (08:30)
NIESR GDP Estimate
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Cisco Systems, TJX Companies
May Department Stores, Mylan Labs
El Paso, Meridian Gold |
Degussa AG, IWKA AG
RWE AG, Rheinmetall AG
Wella AG, CNP Assurances
Klepierre SA
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tbrooking66
- 11 May 2004 17:19
- 21 of 24
little woman-
its funny but the more i see of the world of markets, the more i think of those old films like the ipcress files and the newer conspiracy ones where no-ones what they seem and your just a pawn in a game your only dimly aware of!
Fundamentalist
- 11 May 2004 17:20
- 22 of 24
Little Woman
Thanks for the title, I will get a copy and have a read. I like the contrarian theory you have posted - certainly food for thought.
Melnibone
- 11 May 2004 18:17
- 23 of 24
It's also why I never listen to Gurus.
You just end up double bluffing yourself and being influenced
by the last person, Bull or Bear, that you listened to.
As I've said before. Start off assuming that folk are looking
out for themselves.
Put yourself inside their heads. What do they hope to gain from
their 'free' words to you?
How do they go about it and will it be to your detriment?
For them to make money someone has to loose it.
Is it you? Or do they want you as a foot soldier to swell the
army fighting their battle?
When you've totally tied yourself in mental knots, you just end
up saying,
"Why bother? Now then, which way is the chart pointing? Towards
resistance or support?"
Melnibone.
zarif
- 11 May 2004 18:22
- 24 of 24
Well Put Melnibone.
Best way to watch Gloomberg or CNBC is -switch the volume OFF.
All these gurus just "fit the news to the item or the item to the news"-Do you think they care a jot about us - i think not.
Best to do your own research,follow the support and resistance and let the market dictate your actions.
rgds
zarif