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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (39750)	1/2/2001 10:35:56 AM
From: JRI	Respond to of 42787

Hi Paul and happy new year! Agree that GE looks terrible technically, and looks like in a clear downtrend....I suppose GE Capital is going to be a weight on earnings in the next year...I can't imagine, given 1st half economic slowdown, that consumer credit companies won't get dinged....although better Euro should help some, I don't see the reason for a GE "premium" given slower world economy....Also, GE made heavy investments in Japan in recent years...those will be an albatross too...and Welch is leaving (sign of top?) I wish the Dow would crack, and get under 10k....I wanna see Dow/Naz rally together in any bottom...that would be more legitimate...I am starting to think that only "Naz under 2000" will raise enough fear in techland.... Finally, Coke is now trading at 7x 2001 sales...if EMC gets to 38 (which I think it might if we get to 1960 Naz)...it'll be at 7x sales....Coke vs. EMC...which one do you think'll be a better growth company going forward? Techs are starting to look cheap(er), but aren't a buy yet... Sure glad I went to cash for today...cheers...