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Technology Stocks : Compaq
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To: Loki who wrote (31897)8/30/1998 6:49:00 PM
From: Windseye  Read Replies (1) of 97611
 
So, Loki, to what will you attribute the bubble bursting? Is it a case that the accumulation of lowered earnings, too many momemntum stocks, and the threats and existence of a few economies has all added up to it simply being time to drop?

This is only relevant if we care to get concerned about figuring what kind of re-growth in the markets we might expect.

I suppose I'm sensing a contradiction here... if the conditions have been in place since last year for the market to drop dramatically, and if the American economy cannot support the same high consumption which has produced the long history of big earnings, and if the emerging markets cannot be primed by the IMF and US Bank pumps, then how will we get any kind of a rise in the markets? Or what kind of a rise will it be? What will it depend on?

Doug
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