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THis is what several guys on the street have been saying. GE is it. BUt,
I am not sure. Too much a financial services play.
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
"Norman E. Phair" wrote:
>
> A friend suggested I look at GE as the new bellwether
> stock for the market.
>
> AS of yesterdays close:
>
> the S&P cash was down .06% from the high.
> GE was down 6.9% from the high.
>
> Has anybody out there done any work in this area with
> GE or any other bellwether stock? It used to be GM.
> GE is a big component of the
> S&P cash.
>
> I took a cursory look at it and it may have some merit
> on tops but I could not see that it had any value on
> bottoms.
>
> Norman E.
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Tel: 201-995-0845
Fax: 201-995-0846
Email: swp@xxxxxxxxxxxxxxx
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