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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 151.94+1.1%Nov 25 3:59 PM EST
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To: MikeM54321 who wrote (5320)5/7/1998 1:02:00 PM
From: Investor2  Read Replies (1) of 10921
 
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. Pretty puzzling.>

Yes, it is puzzling, if one assumes that the US market is significantly influenced by the Korean market. However, remember that the Japanese market dropped from 38,000 or so to 14,000 from 1989 to the present. In the mean time, the US market went up about four fold. It is obvious that the US market has not been significantly influenced by the Japanese market over the last 10 years. In fact, quite the contrary.

If the Japanese market debacle over the last 10 years has not significantly impacted the US market, why should the Korean market significantly influence the US market?

Best wishes,

I2
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