6-26-02 Wall street watch

[newsperson999]

It's going to be a long day folks, Worldcom has the market on edge. Overseas markets were down 2-4% and the Dow futures are off by 225 right now.
New Worldcomm Fraud forum here click

[r9etb]

I think we're beginning to see just how much of the "Clinton Market" was based on fictional accounting. It will probably unravel further.

[2banana]

Anyone have picks for well run and honest companies to invest in?

[Huck]

How bad you think it'll be? Dow down by how much? 200? 250? 300? What the heck do I know, but it seems like folks could just blow it out right now. Today. How much more news like this can people take?

[newsperson999]

I bought Johnson and Johnson about 10 years ago. Talk about a solid comapny! Even with all the ups and downs in the market it returned an average of 12%-17% per year..It has been one of the top stocks the past decade and with the baby boomers aging it shows no signs of slowing down.

[Huck]

Freeper CROSSHIGHWAYMAN told me about these a while back:

AHR, AXM, EDF, HCM, HGT, CARS

I don't have a position in any of them, but look 'em up. Cheap stocks that have performed well. I think he was doing what a lot of folks have been doing: taking positions in gold and defense stocks.

[Huck]

what's the ticker on J&J?

[anniegetyourgun]

A death watch....

[Stirner]

I recently took chances on Curtiss-Wright(CW) and Helmerich and Payne(HP). What I liked about them were their low p/e's, low debt, and that they pay dividends.

[anniegetyourgun]

Amen. This one overshadows the Enron fiasco. 17,000 layoffs beginning day after tomorrow.....

[newsperson999]

jnj

[steve50]

I think one of the keys if if people keep taking "positions" in gold. If they start to demand delivery we got a real problem.

[Tuco-bad]

"Experts" are predicting a crash of over 10%.

[monkeyshine]

Wall street watch? You can probably pick up a lot of nice watches for cheap on wall street today. Open a pawn shop you'll probably get hundreds of them.

[CFW]

DOW down 105 at the open

[Tuco-bad]

Anyone have picks for well run and honest companies to invest in?

Well run? - What is your definition?

Honest? - There are none!

[Huck]

My understanding is that some of this is gold-related stocks, not just gold itself, but I could be wrong.

[Frapster]

It's fallen 127 points in the first 5 minutes according to My Yahoo.

[DJ88]

My brother works for them in Atlanta. (WorldCom) Of course, he knew nothing about this latest fiasco until yesterday; he heard about it the same time we did. I am positive he will be one of the 17,000 laid off. But he'll find work.

DJI already down 161 points.

[Dog Gone]

Gold mining stocks will do well today. Everything else is pretty dicey.