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Non-Tech : General Electric (GE)

GE 296.64

+1.1%

Nov 26 3:59 PM EST

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To: Outer-limits who wrote (1796)	3/17/2001 8:09:54 PM
From: Captain Jack	Read Replies (1) of 3256

Outer-limits-- I'm not real strong into charts but do follow mkt history and gut feeling. Another 15% - 20% on the DOW you say,,, I agree-- easily. The S&P is a bit more difficult to feel but only loking for another 10% - 15% there could be effortless. One of two things are required to turn the mkts. Either a catalyst or new found confidence in the mkts. The only catalyst could have been the FED but Greenspan screwed that up last year and why that will not happen I explained below. The only confidence will come when earnings begin to grow again AND THERE IS REASON TO BELIEVE THEY WILL CONTINUE TO GROW. It will be at least until the end of the year until any earnings turn around begins-- not just from reduced expectations. At least anotherv month for reports to be out,, no one is going to jump on 1 qtr so now we wait another 6 months to be certain it was not a fluke and the FED is not going to screw it up again...... mid '02???

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