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To: H James Morris who wrote (117554)2/12/2001 1:04:32 PM
From: Robert Rose  Read Replies (1) | Respond to of 164687
 
thanks for the article, hj. i agree that tomorrow's leaders should be accumulated at some point. clearly not now, imo. sold ge today, silly me. with a peg of 2, layoffs and leadership changes in the offing, even GE appears vulnerable at some point! perhaps not even in 01, but eventually before we get this bear behind us. because of course, that's the way corrections or bears or whatever work.

so for me it remains about asset allocation, and since i did not have a loss in ge and it looked to go no higher and eventually lower, i just decided to get out while the getting was good. sure it pays a small dividend, but money market funds pay much better in this kind of environment.

chambers apparently is talking about bellwether csco in the doldrums for 5-10 years! perhaps we are in for a japanese style decade-long market malaise in that case. i don't personally think so. but am not so sure we will see the bull market bounce back in 01 necessarily.

sorry my post isn't cheerier my friend!