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Technology Stocks : Newbridge Networks
NN 14.21+1.6%12:59 PM EST

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To: pat mudge who wrote (6260)8/31/1998 1:50:00 PM
From: Serge Collins  Read Replies (1) of 18016
 
Here's my take on the market: Panic now and avoid the rush.

We might get a bounce this week from Clinton's trip to Moscow but that alone will do nothing to alleviate the growing disarray in Russia, to say nothing of the festering mess in Asia. I've been bearish for some time now and I think this situation of growing economic dislocation around the world will lead to a serious recession next year. All stocks, even the good will join the ride downhill.

Of course I'm a bit of a pessimist to start with, but that's my take on the world situation for what it's worth.

Good luck to all.
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