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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 270.16

+7.9%

3:59 PM EST

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To: LK2 who wrote (4596)	10/1/1998 9:19:00 AM
From: LK2	Read Replies (1) of 9256

*OT*US market should be down strongly at the open, based on S&P500 futures down 22 points, about 2.1%. Most of the Asian markets are down in the 1-2% range. But Europe is where the stocks are really getting slammed today. Germany now down 6.8%, France down 4.4%. Assuming we have any money left, the US market should do better next year. Basing this on: 1. The US market got crunched this year, which often sets up a nice rally from the bottom. 2. Interest rates are low, and the Fed Reserve just cut the Fed funds rate to 5 1/4% on Tuesday. Everybody has their own strategy, but as Yogi (or Stitch?) said, the important thing is to have enough cash for a ticket when the plane takes off. (It sounded a lot better in the Yogi/Stitch post, but I don't know how to find that post). Regards, Larry

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