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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Tunica Albuginea who wrote (44691)1/9/1998 7:09:00 PM
From: k.ramesh  Read Replies (1) of 186894
 
<Asia is only 10%>,but they accounted for a heck of lot of the growth.
read in the Financial Times that Asia accounted for 70% of the growth in Oil consumption between 90 and now.
Looking from your point of view, Yes Japan has been in a recession since 89 and the US did not do too bad, Europe was growing slowly and yet the US managed to grow etc.
But the real point is that US Stocks and tech's in particular are Valued assuming high growth rates, It is always what is happening at the margin that matters. A couple of million share trades brings the market cap of INTC and MSFT by a lot larger amount.
< MSFT is bigger than country x>
Do you really mean that, yes in market cap maybe, that is only because of prevailing consensus on MSFT's growth rate, if the rate is threatened the fall will be much faster than country X's GDP.
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