Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Paul Fiondella who wrote (10386)	3/28/1997 8:54:00 AM
From: Matthew Leo	of 42771

Paul - When the market crashed in 1987 CNBC had only been braodcasting a short time. I believe that was the largest market correction since 29' and it was all on TV. It was high drama. Imagine a 600 - 700 point drop being reported blow by blow. And that was with a dow at 2400-2500. The months leading up to that were actually quite similar to what we have here; "exhuberance", valuations, extreme volatilty. The market would drop a hundred and bounce right back, then it stopped bouncing. Thinking back gives me cold sweats - no one needs to live that again. The federal reserve better start calming the market or it will be a hell of a 10 year anniversary. Frankly, I think we've bearly recovered from 87'. The country can not withstand another market drop of those proportions - the homes that don't get bought, futures and pensions ruined, business' gone, unemployment. It is not pretty.

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