Program: Friday, August 29, 2003

Wall Street Rallies Right Into The Holiday Weekend
Fed. Chairman Greenspan Defends Deflation Risks
Scooters Sales Get Revved Up
"Square One: Building Your Investments"-Deciphering The Bond Markets
Market Monitor-Robert Morrow, Editor of "The Institutional Advisory Service"
Paul Kangas' Stocks In The News
Market Stats

08/29/03: Wall Street Rallies Right Into The Holiday Weekend

LINDA O'BRYON: Well, the calendar still says August, but today marked the end of summer for the financial markets. Stocks finished the season on the upside, with the Dow gaining 41 points and the NASDAQ rising 10 today. But more importantly, it is the sixth straight winning month for the major indexes following three losing years. Scott Gurvey has more.

SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: If you bought into the cliche, sell in May and go away, this is the summer you missed the boat. Veteran market gurus have little sympathy.

LARRY WACHTEL, MARKET ANALYST, WACHOVIA SECURITIES: This whole premise of going away for six months and then coming back is absurd. I don't know who coined the phrase. Anybody that follows it is an idiot.

GURVEY: This summer, the Dow Jones industrial average gained 565 points, or 6.4 percent. The Standard and Poor's 500 tacked on 44 points, or 4.6 percent. And the NASDAQ Composite picked up a whopping 214 points, for a 13.5 percent gain. What brought out the buyers, market watchers say, is a fundamental change in investor attitudes, a change that brings a new tone to the market.

CHARLES BLOOD, MARKET STRATEGIST, BROWN BROTHERS HARRIMAN: What's really been driving the stock market during the last three months has been the noticeable improvement in the economy. That has helped to light up the cyclical stocks, the industrial stocks and smaller stocks.

GURVEY: The challenge for Wall Street is to keep those stocks lit and to encourage investors scared away by three years of market declines interested enough to at least test the waters. Everybody agrees the economy is the key.

WACHTEL: The market is discounting an economic recovery. And the economic recovery is coming on at a good pace. But it has to sustain itself. The point is it's being spurred by enormous stimulus -- tax stimulus, money supply stimulus. What happens when the stimulus begins to run down? Have we got a 2004 follow through? So right now I know why the market's rallying. The economy's improving, profits are improving. What about next year?

GURVEY: Next month, which is September, is historically the worst month in terms of stock market performance. Considering the large run-up in the averages since the market lows of March, many experts believe investors will take some profits in September to get ready for the fourth quarter. Scott Gurvey, NIGHTLY BUSINESS REPORT, New York.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

08/29/03:Fed. Chairman Greenspan Defends Deflation Risks

LINDA O'BRYON: Federal Reserve Chairman Alan Greenspan is defending his record against critics who say he has not explained clearly enough where the central bank is heading. So at a speech today at a monetary conference in Jackson Hole, Wyoming, Mr. Greenspan made it clear that guiding monetary policy can't be put on automatic pilot. Darren Gersh reports.

DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: Many of the analysts and traders who put the Federal Reserve's every move under a microscope haven't been too happy lately with Alan Greenspan. Some blame the Federal Reserve Chairman for giving off false signals that he would cut interest rates more deeply at the central bank's June meeting. So there have been many calls in recent days for the Fed to provide clarity on where it is headed, how long will interest rates remain this low and just what is the Fed's ideal inflation target. But in a closely watched speech today, Mr. Greenspan disappointed those seeking easy answers.

STEVEN EAST, ECONOMIST, FRIEDMAN, BILLINGS, RAMSEY: What Greenspan said today is, look, the world is way too complicated for us to have one economic model that spits out a number and that's what's going to guide us. He says in today's world, there's so much complexity that judgment has to supersede anything that a model might tell you.

GERSH: Speaking to a conference on monetary policy, Mr. Greenspan explained that the Fed is not only in the economic forecasting business, it is also guided by what he called a risk management paradigm. That means the central bank must consider the many things that could go wrong with the economy and then, in Mr. Greenspan's words, provide insurance against the emergence of especially adverse outcomes. Right now the adverse outcome of greatest concern to the Fed is the remote possibility that deflation will take hold in the economy. And the insurance policy is already in place.

EAST: In between the lines, what Greenspan said is interest rates will be low for a long, long time.

GERSH: Some of colleagues at the Fed have suggested the need for the central bank to inflation targets to guide monetary policy. But the Chairman stressed the need for flexibility.

NANCY ROMAN, PRESIDENT, G7 GROUP: He feels like, you know, reliance on a model, you know, would tie, you know, not only his hands, but the entire Fed's hands in a dangerous way and it would really prevent him from responding the way that he has all along.

GERSH: While Mr. Greenspan admits it may be more difficult to explain his flexible approach to the markets and the public, he made no apologies. Simple rules, he said, just don't work in a global economy in a constant state of flux. Darren Gersh, NIGHTLY BUSINESS REPORT, Washington

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

08/29/03: Scooters Sales Get Revved Up

LINDA O'BRYON: The Energy Department could soon be on the hot seat over the soaring cost of gasoline. Massachusetts Congressman Ed Markey today asked for an immediate investigation into a steep hike in gas prices over the last 10 days. In many parts of the country, consumers are now paying over $2 a gallon to fill up. Last week, prices rose an average of 7.4 percent. That is the largest weekly increase ever. And oil companies say it's due to a disruption in supplies from the big power blackout in the Northeast. So with gas prices so high, you may be in the market for a more fuel efficient type of transportation. As Jeff Yastine reports, choosing a scooter could save gasoline and put you right in the middle of one of the hottest trends in years.

JEFF YASTINE, NIGHTLY BUSINESS REPORT CORRESPONDENT: The humble motor scooter. It's been a basic means of transportation in Asia and Europe for decades, but until recently, they haven't had a wide following in the U.S. But that's changing. Scott Cook has watched it happen, as the owner of his scooter store in Miami. From retro European designs to basic get around models and everything in between, he says manufacturers have been developing scooters for just about every consumer's taste.

SCOTT COOK, OWNER, AAA MOPEDS: It's very important, but it also ranges. Some people might look at something like this and love the fact that it, you know, it's kind of nostalgic, with a modern flair to it. And then some people just want the full racy, aggressive looking style.

YASTINE: Those styles are drawing big sales nationally and they appear to be gaining momentum, averaging about 33 percent growth over the past six years. Industry officials expect that trend to continue. Economics plays a big role in the renewed popularity of motor scooters. At $1,500 and up, they're a lot cheaper than a car. They're also a lot easier to park and they get about 100 miles to the gallon. On top of that, some come with car like features like alarm systems and even remote starters.

Scooters have also developed a sense of cool they previously lacked among American consumers. Part of that may be attributable to the re-entry of Vespa, an Italian prestige brand, into the U.S. market in 2000. Vespa pulled its U.S. sales in the early 1980s as tougher emission laws took effect. But the company is back with its own boutique stores and unique designs and styles.

CONSTANTINO SAMBUY, PRESIDENT & CEO, PIAGGIO USA: It is, for Vespa, where we are at the moment, because we' are introducing the whole Vespa, the scootering concept more from a style point of view rather than a pure practical new alternative to public transport. So, yes, at the moment it is in this very moment. But we see this fading off in the future and being more, getting towards more practical reasons.

YASTINE: Executives say the reasons people buy scooters vary. In the cities, it's about avoiding congestion. Elsewhere, it's about fun and fashion. And Vespa, like other scooter makers, wants to sell its products to both ends of that market. Jeff Yastine, NIGHTLY BUSINESS REPORT, Miami.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

08/29/03: "Square One: Building Your Investments"-Deciphering The Bond Markets

LINDA O'BRYON: Well, all this week, we've been taking viewer questions on the basics of investing, as we lead up to our Labor Day special edition, Square One: Building Your Investments. Arlene Dewell of Virginia says, "I'm embarrassed to say I still don't understand how the bond market works. Is it good for prices to go down and yields to go up?"

ERIC TYSON, SYNDICATED COLUMNIST & AUTHOR: Well, you're not alone. It's important to remember that price and yield go in opposite directions. And here's a simple example to illustrate why that is. Let's suppose that you buy a bunch of bonds that are currently yielding four percent and in the future interest rates go up and those similar bonds, new bonds, are yielding five percent. No one is going to want to buy your bonds that are only paying four percent when they can buy a similar bond paying five percent. So in order to give someone an incentive to buy your lower yielding bonds, you'd have to lower the price of them. So price and yield move in opposite directions. And when you own bonds, you hope market interest rates go down, which will cause your bonds to appreciate in value.

KANGAS: And learn more about the basics of investing Monday on our Labor Day special, Square One: Building Your Investments.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

08/29/03: Market Monitor-Robert Morrow, Editor of "The Institutional Advisory Service"

PAUL KANGAS: My guest market monitor this week is Robert Morrow, Editor of "The Institutional Advisory Service" and also publisher of the monthly market letter entitled "The High Tech Growth Forecaster." And welcome back to NIGHTLY BUSINESS REPORT, Bob.

ROBERT MORROW, EDITOR, INSTITUTIONAL ADVISORY SERVICE: Thank you, Paul.

KANGAS: Nice to see you.

MORROW: Good to be back.

KANGAS: As a dyed in the wool stock market technician, give us your opinion of the market's current condition. Let's cut right to the chase.

MORROW: Right. The bull market began last October. I think it's going to reach a minor peak this October. The numbers I'm looking for on the Dow are 10,177, on the NASDAQ 2,020, on the S&P 1,118.

KANGAS: OK.

MORROW: Then a correction. Then a.

KANGAS: How deep a correction would you expect?

MORROW: Ten to 14 percent.

KANGAS: OK.

MORROW: I think it will right itself within two months.

KANGAS: That's after this September/October period.

MORROW: Right.

KANGAS: OK.

MORROW: Then the major peak I look for to October next year.

KANGAS: 2004 October?

MORROW: 2004. And the Dow I look for is 12,615.

KANGAS: Way above the old high.

MORROW: Exactly. The NASDAQ, 2,378, far below the old high.

KANGAS: That's true.

MORROW: And the S&P, 1,345. Whether it will be a bear market there, I can't say at this point. But I think there will be.

KANGAS: But for the moment, what makes you so bullish.

MORROW: I work with cycles. I use a serious mathematical treatment of the Fourier analysis and it's looking like.

KANGAS: You are an engineer by trade.

MORROW: Right. And I have 37 patents in this one area of vibration analysis and I applied that to the market and it's been pretty productive.

KANGAS: So it's sort of a rhythm that you think the market follows and you can predict it through your formulas?

MORROW: Exactly. It's a mathematical treatment.

KANGAS: You have made good calls. You also made some boo-boos.

MORROW: Right.

KANGAS: The last time you were with us, way back in April of 2002, you were bullish.

MORROW: Correct.

KANGAS: And, indeed, the market did go up another 20 percent. Then you got caught off guard by a very nasty sell-off, didn't you?

MORROW: Right. Rather than a bull market, it turned out to be a bear market rally that was up 20 percent. It did go down close to the 18 percent I looked for, probably 25 percent, but still, it didn't go any higher.

KANGAS: OK. So bullish for the near term. Let's get specific on what you like now, what kind of stocks. They're going to be high tech, I know that.

MORROW: Exactly. One would be Advanced Micro Devices (AMD).

KANGAS: It's been very active on the big board recently.

MORROW: Exactly. They're number two in microprocessors, the heart of any personal computer. They make flash memory, communication chips for cell phones. The second would be International Rectifier (IRF).

KANGAS: OK, let's get that chart up there. There it is. Oh, that's in a strong uptrend.

MORROW: Right. And.

KANGAS: That doesn't bother you?

MORROW: No, I like buying in strength.

KANGAS: OK.

MORROW: Power semiconductors, at the heart of every power supply. And you can get.

KANGAS: You've got to have one of those.

MORROW: You've got to have a power supply.

KANGAS: OK.

MORROW: Then Symantec (SYMC), which is the producer of the Norton family of virus protection. Needless to say.

KANGAS: And we've just been through a real siege that way, haven't we?

MORROW: Right. Very important. Then Automatic Data Processing (ADP). They're the largest payroll and tax filing processor in the world. They do security transactions, also.

KANGAS: They had a very nasty dip there earlier in the year, didn't they?

MORROW: Right. But I think they'll recover and I look forward to higher prices.

KANGAS: OK. The stock looks like it's in a very strong recovery right now.

MORROW: Right.

KANGAS: OK. Do you have another choice?

MORROW: National Semiconductor (NSM). Of course, they're in microchips, integrated circuits, analog and digital, which is very important. They're very strong in this area.

KANGAS: And that's been very active on the New York Exchange. Would you guess that these stocks that have been so active recently are under accumulation by institutional investors?

MORROW: I would think so. I would think so, because I go with strength and that leads me correctly, usually.

KANGAS: Now, of these five that you recommended, do you own any of them personally?

MORROW: No. I make it a point just to buy the index -- it's like the S&P 500 -- to avoid any conflict. I do not buy the individual stocks.

KANGAS: But you follow them closely, I should imagine.

MORROW: I follow them closely.

KANGAS: You know, the last time you were with us, way back in April of 2002, you liked the gold stocks, that whole group. And they have done very well, sporadically, but long-term they've done very well. Do you still like them?

MORROW: I do. My trend models, both short-term and long-term, are still, are strong on gold and North American mining shares, I think, will do very well. Gold is strong.

KANGAS: OK. And you see the market as continuing strong until that minor peak coming up in September and October of this year?

MORROW: That's right.

KANGAS: And then a major peak and the end of a bull market in the following October?

MORROW: Exactly.

KANGAS: OK. Very good. Bob, thanks. It's always great to have you with us.

MORROW: Thank you very much, Paul.

KANGAS: My guest market monitor, Robert Morrow, editor of "The Institutional Advisory Service."

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

8/29/03: "Paul Kangas' Stocks In The News"

PAUL KANGAS: Wall Street opened modestly higher on news July's personal spending rose 8/10 percent, while personal income increased 2/10 percent because the figures were right in line with estimates. Also helping was a better than expected reading of manufacturing activity from the Chicago purchasing managers. After an hour of trading, the Dow was up 21 points and the NASDAQ Index up 5. A downward revision in the University of Michigan's August Consumer Sentiment Index dragged things down a big, as did a weak bond market. So at noon, the Dow was off 3 points, and the NASDAQ up only 1. The rest of the day was a battle between end of month buying from institutions and selling due to caution ahead of the long holiday weekend. The bulls won. The Dow Industrial Average gained 41.61 points, ending at 9,415.82 today. This week, it fell twice and rose three times, for a net gain of 66.95 points. The NASDAQ Composite was up 10.27, to 1,810.45, hitting a new 17 month high today. And the Index rose four out of five days this week, gaining 45.13 points, or 2.6 percent. Today, the Standard & Poor's 500 Index was up 5.17. In the debt market, the 10-year note fell 12/32, to close at 98 9/32. That put the yield at 4.47 percent.

The most active big board issue on a not particularly active 11.1 million shares was Pfizer (PFE), moving up $0.11.

Followed by AOL Time Warner (AOL), an $0.18 gain there.

General Electric (GE) was down $0.11.

AT&T Wireless (AWE) moved up $0.06.

No change at all in Motorola (MOT), number five in big board volume.

Boston Scientific (BSX) down $2.59. It traded as low as $59.29 after CIBC says the weakness is due to the fact that the company's taxis (ph) stent is not on the agenda for an October FDA panel meeting. CIBC says use the weakness to buy the stock.

Disney (DIS), a $0.20 gain there.

SBC Communications (SBC) down $0.31.

Hewlett-Packard (HPQ) moved up $0.15.

And EMC (EMC), tenth in volume, a $0.21 gain there.

Boeing (BA), which is a Dow stock, up $0.41. The United States Air Force has selected the company to develop and build small diameter bombs in a $188 million contract. But this contract could generate up to $2.5 billion in sales to the Air Force over time. Lockheed (LMT) lost out on that contract, but the stock only fell $0.17.

Biovail Corp. (BVF) up $1.38. The FDA has approved the company's Wellbutrin XL treatment for major depression. J.P. Morgan upgraded Biovail's stock, or, I should say, repeated an "over weight." It already had the upgrade there.

AMN Health Care Services (AHS) up $2.06. The company is going to make an $18 a share tender offer for up to $180 million of its common shares.

Texas Instruments (TXN) edged up $0.09. Smith Barney increased its price target on TXN from $17 to $25, and did the same for some other well known high tech issues like Analog Devices (ADI). Smith Barney boosted the target price there from $35 to $44 a share. And Cypress Semiconductor (CY) from $16 to $21. and IRF (IRF), of course, which had a nice move up today of $0.98. It upped the target from $0.27 to $0.44.

Eaton Corp. (ETN) up $3.44, while Smith Barney was on a positive tone, it upgraded this one from "in line" to "outperform" in the believe third quarter earnings for Eaton may exceed expectations.

Then we see Metris Companies (MXT) losing $0.53, almost a 14 percent drop. UBS Securities downgraded it from "buy" to "reduce" because UBS believes the company could have trouble meeting its credit obligations as early as September and may be forced to liquidate.

Another issue on the down side, but not by much, $0.17, but that's a six percent drop, is AK Steel Holding (AKS). Standard & Poor's is going to move the stock from the Mid Cap 400 Index due to the low market capitalization.

And then back on the up side, Wilson Greatbatch (GB) moved up $2.12. This manufacturer of electronics for medical devices is going to have its stock added to the Standard & Poor's Small Cap 600 Index after the close of trading on September 4.

The most active NASDAQ issue, Intel (INTC), moving up $0.29.

Followed by Microsoft (MSFT), a $0.01 gain there.

Nextel Communications (NXTL) did well, up $1.27. The new issue of "Business Week" magazine reports some investors think that the stock could double in the next one and a half to two years because of its strong growth prospects.

eBay (EBAY) was up $0.65.

Cisco (CSCO) dropped a $0.05 a share, number five in dollar volume on NASDAQ.

InterActive Corp. (IACI) was up $0.37.

A similar gain in Qualcomm (QCOM).

Oracle (ORCL), a $0.06 gain there.

KLA-Tencor (KLAC) moved up $0.76.

And number 10 in dollar volume on NASDAQ, Amgen (AMGN), down $0.34 a share.

Kmart (KMRT), this is the reconstituted stock, up $1.23. This is just a two year chart. It did trade as high as $32.27 today. And yesterday -- a two month chart, I should say. Yesterday the company reported a second quarter loss of only $0.06 a share versus a $0.58 loss per share a year ago.

Metal Storm (MTSX) did well, up $2.70. Look at that percentage move. The company is in a pact with the New Jersey Institute of Technology to commercialize its electronic handgun, which identifies people through its hand grip.

And then JNI Corporation (JNIC) up $1.07. It'll be acquired by Applied Micro Circuits (AMCC) for $7 a share in cash.

And those are the stocks in the news tonight.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

08/29/03: Market Stats

									   NET    PERCENT
                          CLOSE     CHANGE     CHANGE

DOW CLOSE              9415.82     +41.61       + .4
HIGH                                         9421.23
LOW                                          9350.07

NASDAQ COMP.           1810.45     +10.27        +.6
HIGH                                         1813.82
LOW                                          1794.83

VOLUME                                         950.8
PREVIOUS                                     1,160.2
UP VOLUME                                      677.8
DOWN VOLUME                                    242.6

DOW TRANSPORTS         2683.24     +14.79       + .6
DOW UTILITIES           239.57       +.88       + .4
CLOSING TICK                                    +558

S&P 500                1008.01      +5.17       + .5
S&P 100                 503.36      +2.12       + .4
MIDCAP 400              518.77      +3.83       + .7
REUTERS/CRB             243.70      +1.92       + .8

NYSE COMPOSITE         5660.16     +21.01       + .4
VALUE LINE              324.74      +1.67       0.52
RUSSELL 2000            497.42      +1.61       0.32
WILSHIRE 5000          9770.46     +50.58       0.52

U.S. TREASURIES
5-YEAR NOTE 3.25%
Aug. 15,2008          99  2/32      -8/32       3.46

10-YEAR NOTE 4.25%
Aug. 15,2013          98  9/32     -12/32       4.47

30-YEAR NOTE 5.375%
Feb. 15, 2031        102  8/32      -4/32       5.22

LEHMAN BROS.
LONG BOND INDEX        1695.64      -1.49


DOW CLOSE              9415.82     +41.61       + .4
ADVANCES                                        2121
DECLINES                                        1050
NEW HIGHS                                        257
NEW LOWS                                           4

                                      NET    PERCENT
NYSE MOST ACTIVES    4PM CLOSE     CHANGE     CHANGE
PFE    Pfizer            29.92       +.11        +.4
AOL    AOL Time Warner   16.36       +.18       +1.1
GE     GE                29.57       -.11        -.4
AWE    AT&T Wireless      8.62       +.06        +.7
MOT    Motorola          10.73      unch.      unch.
BSX    Boston Scientific 60.10      -2.59       -4.1
DIS    Disney            20.50       +.20       +1.0
SBC    SBC Comms         22.49       -.31       -1.4
HPQ    Hewlett-Packard   19.92       +.15        +.8
EMC    EMC Corp          12.75       +.21       +1.7

NASDAQ CLOSE           1810.45    + 10.27       + .6
VOLUME                                       1,207.8
PREVIOUS                                     1,468.9
ADVANCES                                        1792
DECLINES                                        1326

NASDAQ ACTIVES
INTC   Intel             28.59       +.29       +1.0
MSFT   Microsoft         26.52       +.01        +.0
NXTL   Nextel Comm       19.33      +1.27       +7.0
EBAY   eBay              55.41       +.65       +1.2
CSCO   Cisco Systems     19.14       -.05        -.3
IACI   InterActiveCorp   36.99       +.37       +1.0
QCOM   Qualcomm          41.33       +.36        +.9
ORCL   Oracle            12.83       +.06        +.5
KLAC   KLA Tencor        59.45       +.76       +1.3
AMGN   Amgen             65.94       -.34        -.5

AMEX CLOSE              976.45     + 2.05       + .2

INDEX SHARES
DIA    DIAMONDS TRUST    94.41       +.44        +.5
QQQ    NASDAQ 100        33.39       +.31        +.9
SPY    S&P DEP.RECEIPTS 101.44       +.68        +.7

STOCKS IN THE NEWS
BA     Boeing Co         37.39       +.41       +1.1
BVF    Biovail Corp      41.53      +1.38       +3.4
AHS    AMN Healthcare    16.50      +2.06      +14.3
TXN    Texas Instrument  23.85       +.09        +.4
ADI    Analog Devices    41.00       +.04        +.1
CY     Cypress Semi      18.57       +.44       +2.4
IRF    Intl Rectifier    41.59       +.98       +2.4
ETN    Eaton Corp        93.64      +3.44       +3.8
MXT    Metris Companies   3.26       -.53      -14.0
AKS    AK Steel Hldgs     2.64       -.17       -6.1
GB     Wilson Greatbatch 39.57      +2.12       +5.7
KMRT   Kmart Hldgs       30.67      +1.23       +4.2
MTSX   Metal Storm Ltd    8.35      +2.70      +47.8
JNIC   JNI Corp           6.86      +1.07      +18.5