Enron Mail

From:weekend@ino.com
To:alewis@enron.com
Subject:Andrew, Greenspan Knocks Stocks. Grains Gain.
Cc:
Bcc:
Date:Sun, 13 Jan 2002 16:50:40 -0800 (PST)

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- Sunday, January 13, 2002
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<1< Weekly Market Wrap
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Dear Andrew:

Cautionary words from Alan Greenspan cooled Equities and
boosted Treasuries, while the Dollar held steady despite
Argentina uncertainties. The Dow dropped below 10,000.
Gold rallied but Silver retreated, although not much, as
lease rates eased, and Copper closed firm. Grains
rebounded strongly on bullish government reports, with
Wheat and Soybeans advancing to new highs. Most
commodities ended lower, however. Energy markets sagged
on renewed concern about OPEC compliance, high inventories
and lagging demand. Cattle declined as rolling and
spreading influenced trading, while Coffee suffered a late
tumble and lost half the week's gains. Cocoa, Sugar and
Cotton all finished lower, though Bellies and Hogs enjoyed
gains on positive cash talk.

- Alex McCallum, Editorial Director & Forum Moderator

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DISCLAIMER - CFTC RULE 4.41 - HYPOTHETICAL OR
SIMULATED PERFORMANCE RESULTS HAVE CERTAIN
LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD,
SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.
ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE
RESULTS MAY HAVE UNDER- OR-OVER COMPENSATED FOR THE
IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS
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THOSE SHOWN.

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