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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (7577)12/10/1997 2:17:00 PM
From: Cynic 2005  Read Replies (3) of 18056
 
Pardon my bragging. One (JPM) down in the list, add KO (which "encouraged" analysts to lower estimates. -g-)
Quotable quote:

''It's taken the wind out of the market's sails, but it's not just about J.P.Morgan. It redefines that we don't know where the leadership is going to come from in the stock markets,'' said Robert Froehlich, chief investment strategist at Kemper Funds.

biz.yahoo.com

2. I think that at least 3 companies in the DOW 30 list will give a profit warning. CAT, PM, MMM, HWP are among the likely candidates. I wouldn't be surprised if GE warns. I expect another profit warning from Motorola (a lot of exposure in SE Asia.) Before end of January, the networking sector and, of course, cisco should hit the wall.
exchange2000.com
-Mohan
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