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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (40139)	2/13/2000 11:13:00 AM
From: Benkea	Respond to of 99985

bearshark: "I decided never to go against that stock on fundamentals." Amen. Trading on the long side shouldn't even be done on fundies. Short-term is psychology, longer term is fundies.

To: bearshark who wrote (40139)	2/13/2000 3:40:00 PM
From: bearshark	Read Replies (1) \| Respond to of 99985

The INDU--Old Economy--No Matter--Who Cares I was watching WSW--for laughs--and saw some fellows talking about the new economy there too. So I put the INDUs into rough categories to see if they reflect the economy. As you can see, they do not reflect one industry. They reflect a fairly broad range for 30 stocks. HON, BA, GE, UTC Defense, Electronics AA, DD, XOM, IP Resources AXP, GE, IBM, JPM, C Finance T, SBC, GE, IBM, INTC, Communications/Infotech HWP CAT, GM, UTC Automotive KO, EK, GE, MMM, MO, PG Consumer goods DIS Entertainment GE, MMM, UTC Industrial goods HD, MCD, WMT Retail IBM, MSFT Software JNJ, MRK, MMM Drugs/Healthcare The INDUs as a group had sales of $1.4 TRILLION and profits to common of $122.3 billion. A couple of the finance stocks did not show sales so they are not included in sales. All INDUs had profits with only 2 having profits to common of less than $1 billion. The last time I looked--before the inclusion of MSFT and INTC, they accounted for 25% of the SPX. I suppose they still do due to reindexing. The INDUs are doing what they do best--reading the future economy. They see a slowdown.