Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: garrick le who wrote (22989)	11/12/1997 6:09:00 PM
From: Johnathan C. Doe	Read Replies (2) of 61433

Garrick, the market will give us an answer by Friday it looks. I am sitting here pondering if people are not seeing the possibility of this turning into a bear market due to world financial conditions spilling over into the US market. I would not be surprise to see a DOW of 4800 in such a situation. NASDAQ could go to 1000. P/E's are forward looking and if forward is losses instead of earnings, the P/E's currently carried by many companies could be indefensible. When I look at all of the bank downgrades when interest rates are falling, I think people better start re-thinking the good fortunes the market has hosted the last 6 years or so and they better start THINKING more about what has changed. Deflation is the worry now, not inflation and the concern is getting more intense.

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