MORNING UPDATE: Man Securities Inc. issues alerts for AIG, DRL, ADBE,

CHICAGO, March 21 /PRNewswire/ -- Man Securities issues the following Morning Update at 8:30 AM EST with new PriceWatch Alerts for key stocks.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO )

Before the open... PriceWatch Alerts for AIG, DRL, ADBE, SPLS, and FRX, Market Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"What the Fed says will be on the minds of investors this week, as will be the cost of oil."

-- Alex Motola, portfolio manager, Thornburg Investment Management. New PriceWatch Alerts for AIG, DRL, ADBE, SPLS, and FRX... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- American International Group Inc. Last Price 59.76 - AUG 55.00 CALL OPTION@ $7.20 -> 4.6 % Return assigned* -- Doral Financial Corp. Last Price 21.50 - APR 20.00 CALL OPTION@ $3.20 -> 9.3 % Return assigned* -- Adobe Systems Inc. Last Price 67.81 - JUL 65.00 CALL OPTION@ $6.20 -> 5.5 % Return assigned* -- Staples Inc. Last Price 30.51 - JUN 30.00 CALL OPTION@ $1.70 -> 4.1 % Return assigned* -- Forest Labs Last Price 37.15 - AUG 35.00 CALL OPTION@ $4.60 -> 7.5 % Return assigned*

* To learn more about how to use these alerts and for our FREE report, "The 18 Warning Signs That Tell You When To Dump A Stock ", go to: http://www.investorsobserver.com/mu18

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** For the FREE report, "Is Your Investment Portfolio Disaster Proof? - Insights, Stocks, And Strategies." go to: http://www.investorsobserver.com/FREEDP

NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security.

NEWS LEADERS AND LAGGARDS

So far today, IAC/InterActiveCorp., Ask Jeeves Inc., Pinnacle Systems Inc. and Avid Technology lead the list of companies with the most news stories. News of the acquisition of Ask Jeeves Inc. by IAC/InterActiveCorp. heads the positive news this morning. NDCHealth Corp. leads the list of companies with negative news on reports of a lowered earnings adjustment. First Albany upgraded Genentech Inc. to Buy from Neutral and bumped their price target to $63 from $59. Smith Barney Citigroup downgraded shares of Network Appliance Corp. this morning from a "Hold" to a "Sell."

For the FREE article titled, "Earnings Season Decoded - An Essential 15 Point Checklist For Finding Winning Stocks." go to: http://www.wallstreetsecretsplus.com/go/freemu/

MARKET OVERVIEW

Overseas markets have started the week off on the right foot, with 12 of the 15 major markets that we track in positive territory. The cumulative average on the group stands at a gain of 0.14 percent as of 7:48 a.m. Eastern Time. The Nikkei is closed today due to a holiday.

The U.S. Dollar Index added 0.29 points (or 0.35 percent) in trading on Friday. The greenback is trading higher against the euro this morning, as investors around the world await the Federal Open Market Committee (FOMC) on Tuesday. In addition, the euro has declined against the dollar after European finance ministers struck a broad agreement over the weekend to loosen budget deficit rules.

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DYNAMIC MARKET OPPORTUNITIES

In June 2004, the base US interest rate was 1%. Today, it's 2.5%. Six straight monetary policy meetings have resulted in six straight interest rate hikes. In Federal Reserve terms, this is "accommodative" and "measured." Futures market indications point to a 100% chance that the Fed will raise rates again tomorrow to 2.75%. But following last week's events when oil prices hit new record highs amid OPEC's grim admission that there's "nothing more we can do" to arrest the upward momentum, the watchword of the moment is inflation. After a brief lull, the oil market's return to surging inflation has sent US gasoline prices to new record highs. And while it's difficult to say where interest rates will be by the end of the year, the consensus appears to be near 5%. This is often cited as the so-called "neutral" level that the Fed needs to contain inflation yet not stifle economic growth. But some economists are theorizing that if such rampant oil price inflation continues, the Fed may have to move more aggressively. The Chicago Board of Trade indicates an 8% chance that the Fed will depart from its "measured pace" and hike rates from 2.5% to 3%. That is double the odds from just six weeks ago. Even Jack Guynn, president of the Federal Reserve Bank of Atlanta, said recently that the "measured pace" wording might soon have to be removed from the Fed's policy statement. In his opinion, while the Fed still has "a ways to go" with its monetary tightening policy, a change in language is "not too far down the road." Others say that with producer and consumer prices relatively well contained (despite a climb in the PPI in January), there's no reason to worry unduly. February data is projected to show a scant 0.1% rise in the PPI and a 0.2% climb in the CPI.

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TODAY'S ECONOMIC CALENDAR No major economic news scheduled.

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All stocks and options shown are examples only. These are not recommendations to buy or sell any security and they do not represent in any way a positive or negative outlook for any security. Potential returns do not take into account your trade size, brokerage commissions or taxes which will affect actual investment returns. Stocks and options involve risk and are not suitable for all investors and investing in options carries substantial risk. Prior to buying or selling options, a person must receive a copy of Characteristics and Risks of Standardized Options available from Sharon at 800-837-6212 or at http://www.cboe.com/Resources/Intro.asp. Privacy policy available upon request.