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Politics : Formerly About Applied Materials
AMAT 322.34+1.1%Jan 23 9:30 AM EST

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To: Bald Man from Mars who wrote (23466)8/27/1998 3:08:00 PM
From: Ramsey Su  Read Replies (2) of 70976
 
Bald Man,

I have no idea what level DOW will go, never tried to play that angle.

The number one indicator today is the yen. It is at 142ish right now and very puzzling. Like I posted earlier, the market is way oversold today on Russia news while it is way overvalued and have not taken upcoming news from Asia into consideration.

Investor sentiments have been shaken.

biz.yahoo.com

It will not take much to drive the market down again, on days more miserable than today. Once the herd has turned, it is difficult to turn them back. When Japan, Korea, China, HK all sound as hopeless as Russia today, then I think it is the bottom and time to jump in.

My 2 cents.

Ramsey
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