Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: djane who wrote (42058)	4/3/1998 6:23:00 AM
From: Joseph Pareti	of 61433

OT what's the difference between now and last fall. the Asian crisis seems all but over : - Moody downgrades Japan - Kospi and won are reeling again consider the following, from Korean Herald "By late afternoon, the won was trading at 1,448 won to the dollar, down from the previous day's closing of 1,413, off the day's low of 1,463. The benchmark three-year bond yield inched up 0.08 percentage point to 18.3 percent. The composite stock prices tumbled steadily throughout the day, as investors were concerned about the U.S. credit ratings agency Moody's slash in Japanese banks' standings to ''negative.'' The slash will likely entail the banks calling in loans which they have given to firms, both in and out of Japan, including those in Korea. Investors are worried that this will prompt a currency crisis, even bigger than that at the end of last year. " Meanwhile the DOW is flirting 9000 and European stock markets are setting new highs everyday, swamped with fresh liquidity. Does that make sense ?

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