COMMENTARY
      A wild, unpredictable ride in the market this week. On April 14, due to 
      inflation fears the Nasdaq and the Dow suffered their biggest one-day point 
      drops ever. But on April 17 and 18 the market roared back, led by record 
      Nasdaq point gains. For the week, the Dow was down 4%, the Nasdaq Composite 
      Index down 1.7% and the S&P 500 down 2.7%.
      
      Data: Bloomberg Financial Markets
      Bridge Information Systems, Inc.
      
      STOCKS
      
                                              -----------% change--------
                                                        Year to   Last 12
      U.S. MARKETS                  Apr. 19    Week      date      months
      S&P 500                       1427.5     -2.7      -2.8      10.7
      Dow Jones Industrials       10,675.0     -4.0      -7.2       2.2
      Nasdaq Composite              3706.4     -1.7      -8.9      58.0
      S&P MidCap 400                 461.1     -1.1       3.7      22.3
      S&P SmallCap 600               196.6     -1.0      -0.6      18.0
      Wilshire 5000               13,221.4     -2.7      -4.3      12.3
      
      SECTORS
      Business Week 50*             1238.6     -0.8      -4.8      33.7
      Business Week Info Tech 100**  948.5     -0.4        NA        NA
      S&P/BARRA Growth               860.8     -1.6      -3.0      21.7
      S&P/BARRA Value                595.0     -3.9      -2.6      -0.9
      S&P Energy                     826.7     -2.6      -0.9      -3.4
      S&P Financials                 129.3     -7.4      -2.8     -11.3
      S&P REIT                        76.9      0.0       4.5     -10.5
      S&P Transportation             574.6     -5.1      -3.7     -25.1
      S&P Utilities                  251.6      0.1      10.7       3.1
      GSTI Internet                  476.4     -3.3     -33.1      -0.3
      PSE Technology                1041.5      0.7       7.1     121.1
      
                                              -----------% change--------
                                                        Year to   Last 12
      GLOBAL MARKETS                Apr. 19    Week      date      months
      S&P Euro Plus (U.S. Dollar)   1455.8     -2.9      -3.6      13.7
      London (FT-SE 100)            6184.9     -2.6     -10.8      -2.1
      Paris (CAC 40)                6166.5     -1.2       3.5      45.0
      Frankfurt (DAX)               7216.7     -3.0       3.7      38.2
      Tokyo (NIKKEI 225)          19,086.6     -8.4       0.8      14.3
      Hong Kong (Hang Seng)       15,427.2     -6.9      -9.0      24.3
      Toronto (TSE 300)             9034.0     -0.2       7.4      30.8
      Mexico City (IPC)             6446.6     -8.1      -9.6      18.0
      
      FUNDAMENTALS                           Apr. 19    Wk. ago   Yr. ago
      S&P 500 Dividend Yield                  1.16%      1.12%     1.23%
      S&P 500 P/E Ratio (Trailing 12 mos.)    30.1       31.7      33.8
      S&P 500 P/E Ratio (Next 12 mos.)*       23.6       24.7      24.3
      First Call Earnings Surprise*           7.03%      8.19%     4.54%
      *First Call Corp.
      
      TECHNICAL INDICATORS                    Apr. 18   Wk. ago   Reading
      S&P 500 200-day average                 1383.7     1382.6    Positive
      Stocks above 200-day average            34.0%      39.0%     Positive
      Options: Put/call ratio                 0.72       0.48      Positive
      Insiders: Vickers Sell/buy ratio        0.79       0.79      Positive
      
      BEST-PERFORMING           Last                              Last 12
      GROUPS                    month%                            months%
      Shoes                     39.7      Instrumentation          210.8
      Auto Parts & Equip.       18.3      Semiconductors           128.6
      Oil Exploration & Prod.   17.6      Communications Equip.    110.5
      Automobiles               17.0      Defense Electronics       92.3
      Drugs                     14.9      Computer Systems          74.7
      
      WORST-PERFORMING          Last                                Last 12
      GROUPS                    month%                              months%
      Instrumentation          -21.8      Pollution Control        -70.4
      Defense Electronics      -21.3      Toys                     -55.4
      Computer Software        -15.3      Office Equip. & Supplies -49.7
      Health-Care Services     -13.8      Life Insurance           -48.3
      Invest. Banking/Brkrge.  -12.8      Metal & Glass Containers -46.4
      
      INTEREST RATES
      
                                               Week      Year
      KEY RATES                     Apr. 19    ago       ago
      MONEY MARKET FUNDS            5.60%      5.58%     4.45%
      90-DAY TREASURY BILLS         5.81       5.83      4.36
      1-YEAR TREASURY BILLS         6.04       6.17      4.68
      10-YEAR TREASURY NOTES        5.99       5.97      5.17
      30-YEAR TREASURY BONDS        5.85       5.84      5.52
      30-YEAR FIXED MORTGAGE+       8.15       8.18      6.95
      +BanxQuote, Inc.
      
      BLOOMBERG MUNI YIELD EQUIVALENTS
      Taxable equivalent yields on AAA-rated, tax-exempt municipal bonds, assuming a 
      31% federal tax rate.
                                 10-yr. bond         30-yr. bond
      GENERAL OBLIGATIONS           5.02%               5.62%
      TAXABLE EQUIVALENT            7.28                8.14
      INSURED REVENUE BONDS         5.16                5.84
      TAXABLE EQUIVALENT            7.48                8.46
      
      MUTUAL FUNDS
      
      EQUITY FUND CATEGORIES
      
      Leaders                                 Laggards
      Four-week total return          %       Four-week total return         %
      Real Estate                    4.5      Technology                  -21.8
      Natural Resources              0.5      Small-cap Growth            -17.4
      Mid-cap Value                 -0.1      Mid-cap Growth              -16.7
      Large-cap Value               -0.6      Communications              -16.5
      Financial                     -0.6      Latin America               -14.8
      
      Leaders                                 Laggards
      52-week total return            %       52-week total return           %
      Technology                     96.8     Precious Metals             -18.0
      Small-cap Growth               56.2     Financial                   -11.5
      Mid-cap Growth                 55.2     Large-cap Value             -1.0
      Japan                          44.5     Real Estate                 -0.9
      Health                         43.2     Mid-cap Value                1.4
      
      
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