[117169] in Cypherpunks
Eye Contact
daemon@ATHENA.MIT.EDU (Market-Eye Internet)
Fri Aug 27 15:30:43 1999
Message-Id: <199908271902.MAA12103@toad.com>
From: "Market-Eye Internet" <wavelengthonline@datastreamicv.co.uk>
Date: Fri, 27 Aug 1999 18:50:14 +0100
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WELCOME to a preview of EYE CONTACT, the first in a regular
series of weekly email newsletters to keep you informed
with the latest Market Stories, views from investment
professionals and the most up to date news on what's
happening here at Market-Eye.
In this preview issue, we introduce ‘The View from Hoxton’,
as well as regular contributors John Piper and David
Schwartz.
In future editions we will have special editorial
commissioned for us on new investing phenomena. The first
will be an insiders view on the world of internet banking.
Finally there are some special book offers on Investors Mall
to help guide you through the cyber maze as we brace
ourselves for a autumnal bout of web fever. Not only are
these exclusive to Market-Eye but if you order a book
during August, you will get a free demonstration copy of
Hemmington Scott’s CD-Refs.
We hope you enjoy this preview edition of Eye Contact - let
us know what you think of this one and what articles/changes
you would like to see. Eye Contact will resume on a regular
basis in early September.
Regards
Richard Barden
Product Manager, Market-Eye.
http://www.marketeye.co.uk
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CONTENTS
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1. The view from Hoxton
2. John Piper - The trader's report
3. David Schwartz - A historical perspective
4. What's coming up on Market-Eye
5. Special Offers from Harriman House
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1. The View from Hoxton - Market Comment. 30/7/99
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By Jamie Chisholm, Senior Research Specialist at
Primark First Contact Jchisholm@datastreamicv.com
In "The View from Hoxton" we intend to offer a brief,
weekly summary of the financial markets - with emphasis on
how they may be affecting the UK Private Investor. Comments
are welcome (see details at bottom of the article), though
I regret we can not enter into correspondence.
=== The Story So Far... (Abridged Version)
Wall St, bull market strengthens as ninth year of
uninterrupted growth in US economy continues without
delivering inflation (stop). Internet revolution encourages
baby-boomers to dabble in tech stocks while an alliance of
demographics and politics encourages personal pension
investment so feeding the cult of equity (stop). Less
extravagance in the UK, but still 1999 sees the FTSE100 hit
a record high as the "independent" Bank of England claims
to have engineered a soft landing (stop). UK gets .com bug
as Freeserve jumps 37% on first day...
=== Now read on :
Did someone say "the new paradigm" ?
Chuck another paradigm on the fire and heat the bear's
bones. The New Paradigm, we were told, was growth without
inflation by way of technologically induced productivity
growth and global competitiveness. However, at 13.30 (BST)
on 29th July, the USA announced that 2nd quarter Employment
Cost Index rose by a greater than expected 1.1%. With
Federal Reserve Chairman, Alan Greenspan, having only the
day before warned that he would be pre-emptive in raising
rates should wage pressures develop, the spectre of tighter
credit weighed heavily on the market. That day the Dow
Jones lost 180.74 points (-1.65%), and the FTSE100 -
buffeted by a fall of 11.4% in GlaxoWellcome following
disappointing growth forecasts - followed in its wake with
a fall of 179.7 points (-2.85%).
However, this is only the latest instalment in a pretty
miserable couple of weeks for Wall St and London. On the
16th July the Dow hit a high of 11209.4 and on the 6th July
the FTSE100 touched 6620.6. However, by close of play on
29th July interest rate concerns had lopped 6.53% and 7.60%
respectively off the indices. Still, this still left the
Dow with a gain of 17.53% and the Footsie with a rise of
4.92% since the beginning of the year - pretty commendable!
Winners so far.
Of course many shares have performed markedly better than
the major indices. Below are the five top gainers from the
Datastream Total UK Market index (the top 550 UK quoted
companies by market cap).
Name Value (1/1/99) Value (30/7/99) % Change
Trafficmaster 136.25 550.00 303.67
Eidos 940.00 2919.00 210.53
Arm Holding 319.37 937.50 193.54
Photo-Me Intl.362.50 1050.00 189.66
Merant 103.50 283.50 173.91
That's it for now. I'm off on my hols and I'll be back in
September when a more regular update will resume.
(please note - this article was written on 30th July 1999.
Further articles will be more timely)
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2. John Piper - The Traders Report
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Catch up on John Piper’s latest report and his unique view
of the markets, exclusive to Market-Eye at
http://www.market-eye.co.uk/free/johnpiper/fullarticle2.asp?id=25
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3. David Schwartz - A historical perspective
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Read David Schwartz’s latest thought provoking report,
August's 4th Quarter: Where Are Shares Heading? at
http://www.market-eye.co.uk/free/davidschwartz/fullarticle.asp?id=46
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4. What's New at Market-Eye Internet ?
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Interactive charting - Market-Eye will soon be launching a
new charting component that lets you chart up to 3 stocks
or indices on one chart to compare their relative
performance. Unlike some other sites, this will be easy to
use.
Expert Derivatives Analysis - Market-Eye will be offering
clients access to a daily derivatives commentary and
analysis report in September. Key movements and tactics
will be discussed. Watch out for this!
For more information about our service, visit
http://www.marketeye.co.uk
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5. Exclusive Book offers from Harriman House
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Trading Online, a step-by-step guide to cyber profits
by Alpesh Patel (ref10121)
normally £25.00 - SPECIAL OFFER £13.75 !!
"Keep your trading finger on the technological pulse -
Alpesh Patel gets you bang up to date with the latest in
online trading techniques, tactics and technologies. All
you need to know to navigate the net with confidence; where
to find the information and what to do with it."
http://www.global-investor.com/cgi-bin/www.global-
investor.com/euler.pl?id=s19542&action=display&ref=10121
How to Invest in E-Commerce Stocks
by Bill Burham (our ref:10588)
Normally £25.99 - SPECIAL OFFER £11.70 !!
"With the Freeserve flotation making waves in the
stockmarket there is massive interest in the potential for
investing in e-commerce stocks. Bearing in mind that the
internet is the greatest opportunity in the last 30 years
for investors to make or lose a fortune. A little education
would seem to be good idea, and this book provides all the
information that you need."
http://www.global-investor.com/cgi-bin/www.global-
investor.com/euler.pl?id=s19542&action=display&ref=10588
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