Enron Mail

From:portfolio@mworld.com
To:andrew.h.lewis@enron.com
Subject:MacroWorld Portfolio Review: Andrew Lewis
Cc:
Bcc:
Date:Tue, 12 Dec 2000 10:43:00 -0800 (PST)

MacroWorld Portfolio Review: 12/12/2000
Courtesy of Macro*World
06:43 pm est
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The tech sector was hit today by profit taking and profit
warnings, but Blue Chips surged ahead with help from cyclicals.

GeneralMotors
says it will phase out Oldsmobile and cut nearly 4% of its
worldwide work force .

General Electric''s
chairman says he remains comfortable with analysts'' expectations
for 2001 .

Kodak says its 4th qtr and full
year earnings will be lower than expected due to a slower
economy .

Ford announces the recall of 110,633
Ford Explorer and Mercury Mountaineer vehicles because a
computer chip in the engines fails to limit the vehicles''
top speed .

Aerospace and technology firm
Honeywell expects 4th-qtr earnings to be well below analysts''
expectations .

Glaxo Wellcome and SmithKline
Beecham say they are expected to complete their long-delayed
merger by the year-end .

Markets overseas
are mixed. The London FTSE is up 0.32%, the Frankfurt DAX
is down 0.36%, and the Paris CAC40 is down 0.50%. Tokyo''s
Nikkei closed up 0.66%, Hong Kong''s Hang Seng closed down
0.51%, and Sydney''s All Ordinaries closed down 0.01%.

Economic
calendar:
Tue: No reports scheduled;
Wed: Retail Sales;
Thu:
Jobless Claims, Business Inventories;
Fri: CPI, Industrial
Production.


Market Segments
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DJ Industrials 10,768.3 42.5
S&P 500 1,371.2 -9.0
NY Composite 655.0 -2.5
ASE Composite 880.7 -4.6
NASDAQ Compsite 2,931.8 -83.3

Capital Sectors %Change
----------------------------------------
Large Cap -0.9%
Mid Cap -1.4%
Small Cap -0.3%

Market Volumes (millions of shares)
----------------------------------------
NYSE: 573.8
NASDAQ: 1,897.0

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Market Timing: M*W Action Index

For Short-term traders/market timers Only!

(Enter market when Index <67, Exit when Index <33)



Latest Reading:

12/11/2000 5PM of 45.0, staying in the market (S&P=1380.2, +44.8%)


Previous Signal:
Entered market 12/29/1997 on index of 74.7 (S&P=953.4)


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Footnote to Tables:

(1) To view the individual analyst ratings for any
security, first access the security in the Research
section of the MacroWorld site. Then click on the
ratings icon in the RESEARCH sub-menu.

(2) The Day's Volume as a percentage of the 90 day average.
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