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Gold/Mining/Energy : Alta Gold
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To: Francois H. Gaston who wrote (548)3/27/1998 6:33:00 PM
From: Ronald J  Read Replies (1) of 749
 
I agree with your basic premises. I think that no one is looking at the earnings of companies in high-tech which are being significantly impacted by Asia. There earnings are slowing dramatically. The high-tech employees are doing a lot of spending and make up a high percentage of purchases. As these companies slow in the United States, there stocks will fall and eventually the employees at these companies will be concerned and pull back. If you have been to Silicon Valley, the money being spent on luxury cars, houses, toys etc. has been very extreme. I believe this will be one of the major factors besides the selling of U. S. bonds by Japan and others.

We are close to a major top, especially with the current behavior of gold. The Fed will probably tighten within the next six months and start the market down.
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