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Technology Stocks : Winstar Comm. (WCII)
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To: limtex who wrote (12281)1/2/2001 9:32:31 PM
From: Bernard Levy  Read Replies (1) of 12468
 
Hi limtex:

Actually, I am quite worried now. The credit crunch
started as a telco upstart problem, then became a telco
problem, then a tech problem. Unless something happens
fast, I see the first coordinated US-Japan-European
recession since 1973. In fact, for Japan it will
be a depression, since the govt has run out of room
to maneuver.

The techs have been crushed, but lots of sectors look
fairly expensive (drugs, brokers, oil services). What
happens when they get crushed and the Dow follows
the techs?

Best regards,

Bernard Levy
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