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Technology Stocks : Newbridge Networks
NN 13.60+4.9%2:41 PM EST
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To: Doug who wrote (6278)8/31/1998 7:29:00 PM
From: Serge Collins  Read Replies (2) of 18016
 
Doug, I don't want to add oil to the fire but there are other factors that could really send this market down further. One is the total lack of political leadership in the world. You have a pervert in the White House who's on the ropes and a senile drunk in the Russian White House who can barely speak, combine that with inept and corrupt government in Japan and you can see how difficult it will be to untangle this mess.

One other important factor that is often overlooked as it pertains to U.S. equities, is the relative strength of the U.S. dollar. If the dollar starts to weaken, as I believe it will over the next few weeks, people will start pulling money out of U.S. equities and putting it into markets that have already been hammered such as the Japanese market. That will be good for commodities and even some Canadian stocks but it could prolong the misery on Wall Street.
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