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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 155.15+2.1%3:59 PM EST
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To: MikeM54321 who wrote (5320)5/7/1998 12:16:00 AM
From: spiny norman  Read Replies (1) of 10921
 
Mike, re

The key point in the above excerpt is, "the lowest since December 26." The Korean market has reached the same bottom it did last year, at it's worst point, yet look at how our market is doing now, compared to how hard we were hit late last year.

If you are American, the bottom is NOT the same, as the SK won/dollar ratio is up about 20% from its lows late last year. Since this is a debt repayment crisis, the important thing to watch is the exchange rate, not the local bourse's index.

regards,

spiny

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