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Press ReleaseStreetInsider.com's Market Sentiment Index Drops AgainNEW YORK, NY, August 14, 2002 -- StreetInsider.com (http://www.streetinsider.com), the leading market rumor reporting and tracking service, announced today that its July market sentiment index came in at 74.2, versus the June reading of 85.7. The market sentiment index measures the mood of the market by tracking the number of rumors that have a positive tone versus those that have a negative tone. As the index drops it indicates a higher level of negative rumors on Wall Street. July's reading is the lowest since the index was developed in 1999. The highest reading was 323.5, which occurred at the top of the market bubble in early spring of 2000."The July reading confirms the negative mood of the markets. When news of bankruptcies, SEC investigations, and corporate fraud start making headlines investors get jittery and rumors spread fast," stated Lon Juricic, Managing Director of StreetInsider.com. "Many of the rumors turn out to be false, but they still can have a dramatic effect on stock prices. In July many companies addressed the rumors directly, issuing press releases and holding conference calls. This is a drastic change in corporate response to market rumors and is a testimony to investors' pleas for more corporate transparency." About StreetInsider.com: StreetInsider.com provides its premium members live market coverage for the pre-open, intra-day and after-hours. Premium members access real-time news and rumors gathered from an extensive network. StreetInsider's staff identifies critical, market moving news and rumors, and then offers the information in a format that allows members to act quickly. Guests are invited to try out a 2-week free trail to StreetInsider.com Premium -- Go To: http://www.streetinsider.com Disclaimer: StreetInsider is not a registered broker dealer or a registered investment adviser. No information accessed through the StreetInsider site, or any link contained in the StreetInsider site, constitutes a recommendation by StreetInsider to buy, sell, or hold any security, financial product, or instrument discussed therein. Information accessed through linked sites neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy or sell securities by StreetInsider. StreetInsider does not offer or provide any investment advice or opinion regarding the nature, potential, value, suitability, or profitability of any particular security, portfolio of securities, transaction, or investment strategy. You shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. Contact: Lon Juricic StreetInsider.com 248-593-6536 http://www.streetinsider.com |
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