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Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?

To: Dragon 1 who wrote (621)	10/1/1998 5:57:00 PM
From: organicgerry	Read Replies (1) \| Respond to of 3256

if my portfolio consisted of ge alone i could sleep tonight and not worry what the market does.

To: Dragon 1 who wrote (621)	10/1/1998 6:30:00 PM
From: Judy	Respond to of 3256

When did Bloomberg come out with this? Barron's published the same thoughts last week, so does the Bloomberg news offer anything else new or substantiated?

To: Dragon 1 who wrote (621)	10/2/1998 6:41:00 AM
From: TokyoMex	Read Replies (1) \| Respond to of 3256

GE chart looks like a blood bath,, Has Japan bottomed and the reality sets in Europe ? France CAC 40 ^FCHI 4:47AM 2913.66 -124.35 -4.09% Chart , News Germany DAX ^GDAX 4:47AM 3922.27 -304.22 -7.20% Chart United Kingdom FTSE 100 ^FTSE Oct 1 4908.20 -156.20 -3.08% N/A FOCUS-German mkt misery as DAX falls through 4,000 By Clifford Coonan FRANKFURT, Oct 2 (Reuters) - Germany's Xetra DAX blue-chip index toppled through the 4,000 point threshold on Friday for the first time since November 28 last year, as losses in Daimler-Benz AG (quote from Yahoo! UK & Ireland: DAIG.F) dragged the index into the mire. By 0755 GMT the Xetra DAX had crawled back above the 4,000-point level to stand at 4,021.46 points, down 1.76 percent, off earlier lows of 3,972.67 points. ''Things can only get better,'' wailed one Stuttgart dealer on the day after what doom-mongers on the floor of the Frankfurt bourse are already terming ''Black Thursday.'' Traders said that trade was volatile and there was nothing around to boost dark and foreboding sentiment in the German markets. ''I feel ill when I look at these prices. In July you had to pay 160 marks for Deutsche Bank shares, now they cost 80 marks,'' one dealer said of the grim trading environment. ''We need private investors to come back in.'' The situation remains gloomy for shares, dealers said, but they said that fundamental data simply did not justify such a low level for the DAX, but many traders would cover short positions ahead of the weekend. The futures market offered little solace, with the S&P December future, a key indicator for the German market, down 1.30 at 993.50 and the December DAX future down 95.5 at 4,403. The main impetus behind the market's decline was a severe drop in the value of shares in German industrial group Daimler-Benz AG (quote from Yahoo! UK & Ireland: DAIG.F). Huge volumes of trade, with up to two million shares changing hands, pushed the overall market lower, with sentiment already blighted by a starkly lower close on the Dow Jones Industrial index overnight. Standard & Poor's said the new company resulting from the merger of Daimler and Chrysler, will be considered German and thus cannot be listed in the Index once it starts trading under the symbol ''DCX.'' The car makers expect to complete their merger in November and the new company, DaimlerChrysler AG, will be legally based in Germany. The share fell as low as 114.80 marks, but did recover slightly to stand at 116 marks, a slide of 8.41 percent. Daimler's woes dragged other car makers down with it, including Volkswagen AG (quote from Yahoo! UK & Ireland: VOWG.F), which was down 3.15 marks at 101.75 marks. BMW AG (quote from Yahoo! UK & Ireland: BMWG.F) fell initially, but subsequently recovered. Volumes were thin and not particulary representative of the sector in such volatile trade. The dollar had earlier provided support for the market, particularly for such an export-oriented market as the German stock market, but even that mainstay fell away as the U.S. unit fell from 1.65 marks to 1.64. Deutsche Bank AG (quote from Yahoo! UK & Ireland: DBKG.F) seemed to benefit from news of a shake-up at Europe's biggest bank, UBS. UBS's chairman and top executives resigned over hedge fund losses, boosting the share. Deutsche was up 1.12 percent at 80.50 marks. -------------------------------------------------------------------------------- Related News Categories: US Market News