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Technology Stocks : Newbridge Networks
NN 11.38+0.2%11:08 AM EST
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To: pat mudge who wrote (6635)9/18/1998 5:40:00 PM
From: Doug  Read Replies (2) of 18016
 
Pat: Thx for the daily.

After every big slide, I would expect some short rallies. However, a sustained uptrend for the market requires a resolution of the following:

a: Does the collapse of certain areas of the globe have a deeper impact on us than anticipated. (now @1.5%+ GDP)

b: Will external pricing pressure be enough to curb any internal wage growth demands.

c: Required Leadership in Russia, USA and Japan appears to be non existent.

d: Our stock markets have not capitulated like the rest. Historically,
that divergence cannot be maintained.

e: The coffers of the IMF need to be replenished if Latin America/Asia are to be helped .

D'ont work overtime trying to solve this puzzle.!

Instead, have a happy holiday.!
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