Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Emile Vidrine who wrote (19229)	10/27/1997 8:57:00 PM
From: Maverick	of 61433

On Wall Street, the experts who advise clients when to buy and sell stocks were divided. "We've had a mild kind of correction in our forecast for a couple of months. Most observers think the overvaluation was in the range of about 10 percent," said Greenberg at DRI. The Dow has fallen more than 13 percent from its all-time high reached this past summer. Yet Barton Biggs, a strategist at Morgan Stanley Dean Witter, said stocks around the world could decline as much as another 30 percent. "The odds are that we're in a bear market," said Biggs. He added, however, that Monday's decline might have been far too sharp and far too swift. Tuesday could see a "violent rally," he said. From DBC NewsRoom I noted that the market bounced back the day after the Black Mon. 10 yrs ago. But today's market drop is much less severe than the '87 Black Monday.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next