Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 334.98

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1:43 PM EST

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To: derek cao who wrote (9782)	10/27/1997 5:36:00 PM
From: Iceberg	of 70976

> "It is ridiculous that hongkong stock market drop caused worldwide stock market crash today" Is this your point? I hope I got it right. derek, Yes. You got it right. I think it is ridiculous that world stock markets, and the U.S. stock market in particular, plunges 7+% in reaction to events of relatively minor global importance. I don't think the U.S. economy is so fragile that it depends upon a "near perfect" global economy. I think people here were looking for an excuse to justify a correction, not that what happened justified a correction of this magnitude. Just my opinion. Obviously you disagree. That's OK. Ice

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