Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

Dec 4 3:59 PM EST

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To: Tim Luke who wrote (55589)	10/8/1998 7:45:00 PM
From: Mighty Mizzou	Read Replies (1) of 61433

Yes, it is Market Snapshot in CBS MarketWatch. cbs.marketwatch.com Aw, c'mon, you're no fun. Anyways, believe it or not it was none other than the immortal Peter Lynch. That's right, Mr. Fidelity himself. It was a Q & A thing with Jow Public on CNBC hosted by the lovely Sue Herrera (yes!) and a caller asked him about some bank or brokerage stock and he flat out replied that he doesnt touch financials because they are so complicated that it is virtually impossible to know their exposure to anything and how can you possibly gauge earnings. Soooo.... with that little piece of knowledge stuck in my cranium I thought to myself "Self, financials went south before the markets and the markets went south because of currency fluctuations in ASIA. So if the financials are coming back this might mean a BOTTOM IS IN SIGHT!" I doubt VERY seriously that job cuts would justify a 5 point rise in today's market. The stronger yen means more stability in Asia. I bet the Nikkei does well tonite. What do you think?

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