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Strategies & Market Trends : Asia Forum

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To: Lee who wrote (5088)	7/7/1998 5:51:00 PM
From: Goldbug Guru	Read Replies (1) of 9980

Oh man, is so depressing looking at the dow jones ^up +60 points in the afternoon and then finished off the day with a negative 6.73 points. To put it into perspective, the dow actually lost more than 66 points for the day. The dow has already reached the pinnacle stage, which simply means any further upward movement will drastically speed up the process of a major crash. We should all look at a stock as a piece of paper that has no intrinsic value. It doesn't matter if a company generates billions of dollars in revenues or offer the investors a 8% dividend. All these goodies are meaningless when all the blue chips loses 30 to 80 % of its value. We have to stay focus & nimble, so we don't get caught in the biggest stock market crash of all time. Asia, Russia, and the rest of the Emerging markets are on life support, gasping for air from their respirator. US itself can no longer hold its own, so don't expect any new lease on life for the weaken emerging markets, especially asia. It's possible that the dow can drift to 6000 points.

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