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Pastimes : Ask Mohan about the Market

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To: Defrocked who wrote (11952)	12/20/1997 9:59:00 AM
From: Cynic 2005	Read Replies (1) of 18056

Def, Thanks for the heads-up! Quite a few people are feeling the same way we are. From yesterday's Briefing.com: .. While the market moved higher on Monday and Tuesday in the absence of any shocking news from Asia, we warned that it was unwise to grow complacent, and that the Asian situation was hardly stabilizing... We still feel the same, and caution that further downside risk is expected as the evidence is mounting that the rosy earnings outlook is growing a bit murkier... PC sales are slowing in Asia, tech industry leaders are ailing, market leadership is lacking, and big name companies are warning... As such, any rally resulting from the January effect is expected to be short-lived...

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