An encouraging week in the U.S. equities market. The Dow Jones industrial 
      average closed on May 26 at 3540, an all-time high, though the S&P 500 failed 
      to surpass its March record. Stocks were pushed upward by the bond market, 
      which was spurred by a strong showing in the auction for five-year Treasury 
      notes. But despite the strong gains in the market, apparently bullishness has 
      not become excessive. The put-call  ratio, a gauge of options-buying sentiment, 
      remained in neutral territory.
      
      MARKET ANALYSIS
                                                            % change
      U.S. STOCKS                              Latest   Week   52-week
      DOW JONES INDUSTRIALS                    3540.2   1.1   5.0
      MIDSIZE COMPANIES (S&P MidCap Index)      167.8   2.3   17.7
      SMALL COMPANIES (Russell 2000)            232.1   1.2   17.9
      ALL COMPANIES (Russell 3000)              259.5   1.4   11.8
      
                                                       % change (local currency)
      FOREIGN STOCKS                           Latest   Week   52-week
      LONDON (FINANCIAL TIMES 100)             2846.9   1.0   5.5
      TOKYO (NIKKEI INDEX)                   20,896.0   2.5   17.2
      TORONTO (TSE COMPOSITE)                  3865.2   1.4   14.3
      
      FUNDAMENTALS                              Latest   Week ago   Year ago
      90-DAY TREASURY BILL YIELD                 3.10   %   3.03   %   3.79   %   
      30-YEAR TREASURY BOND YIELD                6.92   %   6.97   %   7.90   %   
      S&P 500 DIVIDEND YIELD                     2.78   %   2.83   %   2.99   %   
      S&P 500 PRICE/EARNINGS RATIO               22.9       22.6       25.2      
      
      TECHNICAL INDICATORS                     Latest    Week ago     Reading
      S&P 500 26-week moving average             441.5     440.6      Positive   
      Stocks above 26-week moving average         56.9   %  55.9   %  Negative   
      Speculative sentiment: Put/call ratio       0.35      0.38      Neutral   
      Insider sentiment: Vickers sell/buy ratio   2.46      2.61      Neutral   
                                                  BRIDGE INFORMATION SYSTEMS INC.
      
      INDUSTRY GROUPS
                             % change     Strong-               % change
      FOUR-WEEK LEADERS   4-week  52-week est stock in group  4-week   52-week Price
      HOSPITAL MANAGEMENT   19.2   -21.2  NATIONAL MEDICAL 
                                          ENTERPRISES         32.1   -35.7   9   1/4
      SEMICONDUCTORS        15.7   100.5  TEXAS INSTRUMENTS   19.4    76.7   64   1/2
      INSTRUMENTATION       15.3   6.8    HEWLETT-PACKARD     17.8    7.2    83   3/8
      COMPUTER SOFTWARE AND 
      SERVICES              15.2   43.8   LOTUS DEVELOPMENT   41.7   17.2    34   
      HOTELS AND MOTELS     15.1   62.7   PROMUS              30.9   231.3   47   5/8
      
                             % change     Weak-                  % change
      FOUR-WEEK LAGGARDS  4-week  52-week est stock in group  4-week   52-week Price
      TRUCKING             -6.7   -22.4   CONSOLIDATED 
                                          FREIGHTWAYS         -7.3   2.4     15   7/8
      LIFE INSURANCE       -5.3   31.7    CAPITAL HOLDING    -11.2   31.0    35   1/8
      ELECTRIC POWER       -2.4   10.4    PSI RESOURCES       -7.9   31.3    22   
      HEALTH-CARE SERVICES -2.4   -30.7   AMGEN               -6.9   -39.7   35   1/2
      TRANSPORTATION 
      SERVICES             -2.2   11.6   FEDERAL EXPRESS      -3.9   15.0    49   
                                                                 MORNINGSTAR INC.
      
      MUTUAL FUNDS
      
      LEADERS                                LAGGARDS
      Four-week total return             %   Four-week total return                %
      LEXINGTON STRATEGIC 
      INVESTMENTS                     44.6   STEADMAN AMERICAN INDUSTRY          -8.7
      UNITED SERVICES GOLD SHARES     25.1   STEADMAN OCEANOGRAPHIC TECHNOLOGY   -6.0
      THOMSON PRECIOUS METALS A       23.9   FIDELITY SELECT INSURANCE           -5.0
      
      52-week total return               %   52-week total return                  %
      METLIFE-STATE STREET GLOBAL 
      ENERGY                          60.4   PROGRESSIVE AGGRESSIVE GROWTH      -27.4
      PBGH GROWTH                     54.9   FINANCIAL STRATEGIC ENVIRONMENTAL  -24.5
      FIDELITY SELECT AMERICAN GOLD   51.2   G.T. LATIN AMERICA GROWTH A        -17.1
                                                                 DATA RESOURCES INC.
      
      RELATIVE PORTFOLIOS
      Foreign stocks   Treasury bonds   U.S. stocks   Gold     Money market fund
         $12,180          $11,934        $11,208     $11,177   $10,243
         +2.21%            +0.31%         +1.94%      +2.64%   +0.05%
      Dollar amounts
      represent the present value of $10,000
      invested one year ago in each portfolio
      Percentages indicate
      five-day total returns
      
      All data on this page are as of market close Wednesday, May 26, 1993, unless 
      otherwise indicated. Industry groups include S&P 500 companies only; 
      performance and share prices are as of market close May 25. Mutual fund returns 
      are as of May 21. Relative portfolios are valued as of May 25. A more detailed 
      explanation of this page is available on request.
      
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