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The FuturesMonitor service and Web Site (collectively referred to hereafter as "FuturesMonitor"), is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of FuturesMonitor are not brokers or investment advisers, and they do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. The information provided by FuturesMonitor is obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness. Subscribers to FuturesMonitor or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so.

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Fed's Drain, Equities' Pain
Futures Wrap -
January 23rd, 2005

This week saw strong net declines for equities, bonds and precious metals advanced. The US Dollar declined after giving up its gains for the week during Friday's session.

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