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Foxlette

06/03/02 8:47 AM

#3100 RE: Rien #3070

carry over from friday? looking like green open


8:20AM: A firmer bias is still intact with the S&P 500 futures 1.5 points above fair value, while the Nasdaq 100 futures are trading 6.5 points above fair value. Some positives comments on the chip sector from Bear Stearns-- now time to buy based on lower valuations and firming fundamentals. However, software may be pressured in the wake of the UBS Warburg estimate cuts and the Lehman downgrade