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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?


To: Angler who wrote (3276)1/3/2001 7:44:35 AM
From: Julius Wong  Respond to of 4916
 
Angler:

GE CF6 engines have minor problems for a long time. In a bull market that was not a significant development. In a bear market it's real bad news.

Yesterday the total market lost $412B. GE lost $4.1875 per share. At 9.91B shares, the lost on GE stock was $41.5B, 10% of the total market loss.

Metal stocks (NEM, SWC) are more attractive now.

Julius