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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: DlphcOracl who wrote (14788)12/20/2001 8:39:11 AM
From: Justa Werkenstiff  Read Replies (1) of 99280
 
DO: Re: "Interesting comment by Jack Welch on CNBC."

Take note and file that away. GE is tapped into the economy with many tentacles and knows the real deal. Welch forecast the recession in November 2000 before anyone else. I expect he is right on the recovery as well.

Now, maybe people will listen to me when I say that the models claiming "fair " value on the market based on rosy earnings expectations are a joke as those estimates are not based in reality.
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