Comments on Fund My Mutual Fund: Jacobs Engineering (JEC) - Business as Usual

Thanks Headline. The blog is more interesting whe...

2008-11-05T13:23:00.000-05:00

Thanks Headline. The blog is more interesting when the market actually cares about fundamentals - so hopefully it will begin to make more sense sometime in 2009. Now its just randomness and we're mostly just watching it shaking our head.

Sorry... Hit the button by accident.. She continue...

2008-11-04T22:49:00.000-05:00

Sorry... Hit the button by accident..

She continues:

"So the likes of GE and AIG aren’t the only
financials with dreadful-looking charts?
No. Many of them look that way. This whole
thing is becoming a tremendous top. These also
are some old tech sectors that are going to
remain old tech. Watching General Motors (GM)
break through 20 was just mind-boggling. It
could go back to 11, if not 5.

jegan

Had to add this... I'm still reading Louise Yamada...

2008-11-04T22:43:00.000-05:00

Had to add this... I'm still reading Louise Yamada's book (it's kind of dry..) and came across a several page interview with her from June 27, 2008 on the Web. Amongst other very prescient calls, she said this about GE (then trading at $30)

"And General Electric (GE), certainly isn’t acting
like a leader. The stock rallied back through 40,
which was the major resistance level from its
2000 decline, but then couldn’t sustain that
level and fell back. Now it’s breaking 30, which
should actually take you through 2003 support.
So could GE become a $20 stock? Yes, it could.
When you think about it, it’s got a big broadcast
component; it’s got a big financial component,
and those are two of the areas that are in structural decline."

http://www.investmentpostcards.com/wp-content/uploads/2008/07/20080627-welling-yamada-reprint1.pdf

Mark, this is really great blog. Really glad I di...

2008-11-04T22:07:00.000-05:00

Mark, this is really great blog. Really glad I discovered it.

GE and Siemens are still active globally. Not too ...

2008-11-04T20:37:00.000-05:00

GE and Siemens are still active globally. Not too crazy about GE as they seem to have too many facets and their lending arm gives me hives. I think their appliance spin-off already went through, which is good.

It'll be interesting to see if KBR (spun off from Haliburton) maintains its luster with Cheney leaving office.. And particularly as they seemed to have left a bad taste after Iraq.

jegan