We have recently acquired several web properties. You are receiving this as an opt-in subscriber of one of those properties in accordance with current SPAM guidelines. If you feel that you are receiving this in error, please go to http://www.csauto.com and unsubscribe. Failure to do so will result in regular receipt of our mailings - Thank you for your understanding. <><><><><><><><><><><><><><><><><><><><><><> AUGUST 31 - THE WALLSTREET REPORT <><><><><><><><><><><><><><><><><><><><><><> The Wallstreet Report is published twice per week. It is our goal to provide you with Technical Analysis, Daily Market Updates, Cool Freebies and to pass along some Excellent Stock Profiles. Hello Serious Investors, The downward spiral continued on Thursday burying the Dow Jones below the key 10K level and forcing many other major market averages to post new relative lows. News from overseas was mostly responsible for today’s plunge in addition to the dull earnings outlook that investors heard from Sun Microsystems (SUNW) yesterday Earlier on Thursday, the European Central Bank cut interest rates by 25 basis points to 4.25%, delivering its second easing this year in response to increasingly weakening growth and slowing inflation. The cut was not unexpected as the ECB has been under heavy pressure to ease for quite a while. However, some had hoped that the ECB would be more aggressive in today’s decision and would cut by a half a point. The U.S. federal funds rate stands at 3.5%, and Europe is clearly behind the curve by majority opinion. But what really distressed the equity markets today was the ECB’s apparent bias against further easing. The European Bank has been much more stubborn than the Fed or even the Bank of England in bringing down rates despite the fast deterioration of the European economy. Today’s move was only the third rate cut by the stingy ECB since it took control over rates in the single currency zone in January 1999. And more gloomy news from Europe followed. The number one software giant got hurt on the day as investors realized Microsoft is now having ‘problems with the law’ over in Europe. European Union regulators have opened additional proceedings against the company today. European Union thinks that Microsoft could be in violation of antitrust laws by tying its Media Player product into its Windows operating system in attempt to extend its dominance from personal computers into other markets. Despite many brokerage firms trying to defend Microsoft, the stock was sold off sharply losing 5.5% on the day. +>+>+> GOOD NEWS... Notice that the Volatility index (VIX.X) is now over 28 and made another advance of 9% in today’s session. Market bottoms are often made when this index spikes over 40 for a number of days, so this index is moving in the right direction at this time. +>+>+> While the market is deciding which way to go, here is 20 FREE Stock trading lessons to help fine turn your investing skills... CLICK HERE FOR 20 FREE STOCK TRADING LESSONS! <A HREF=" http://www.onlinetradingexpo.com/lessons.html "> http://www.onlinetradingexpo.com/lessons.html </A> +>+>+> PAYLESS SHOES - $2 off $10 http://www.paylessinfo.com/corporate/misc/general_offline_coupon.html HAVE A GREAT WEEK! Steven Schwartz - Editor & Staff