3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 16 9:30 AM EST

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To: hitesh puri who wrote (18589)	7/2/1998 11:42:00 AM
From: Box-By-The-Riviera™	Read Replies (1) of 45548

The market is ugly taking ugly stocks with it...... Japan did not deliver anything bold....hence yen is down 3+ Inventories are rising in the US and have been ....which will lead to increasing unemployment, price/margin erosion etc etc.... Margin erosion will lead to weaker CAPEX budgets.....hence weaker technology spending on the part of corporations..... with added pressure from y2k and euro conversions.... Yields are still inverted and have been for quite some time.....a precursor to a fall in the markets.... when being the question. Weak stocks with weak stories will suffer first....followed by all the rest.... The fed warned all banks this week to review their loan portfolios.... Should real estate bubbles across the US begin to implode....REITS will be in great danger....as they are already over extended..... Public sentiment and a strong dollar to some degree are two of the few positives left..... In spite of moves up this week in all major indexes..... the short term trading indexes on both the new york and the nasdaq have been consistently in the higher ranges....indicating an undercurrent of quiet careful selling........ The VIX has been well behaved.........but usually does not reflect quieter moves in the STI's.....rather it indicates moments of extreme change of direction....like the cocking of a trigger.... Oil prices have contributed to the other liquidity problems of some important emerging economies.... including Russia..... Any Russian loan defaults could infect european banks spreading weakness to first world economies..... Interest rates in the United Kindom have been trending higher... Thoughts anyone??? Joel

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