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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 88.13+1.1%3:59 PM EST

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To: sam who wrote (13091)1/13/1999 8:49:00 AM
From: unclewest  Read Replies (3) of 93625
 
general news

AFX, Wed Jan 13 1999 14:12:00 (Swiss time)

NEW YORK (AFX)

PREDICTING THAT THE NEWS COULD PROMPT THE DJIA COULD FALL 300 TO 400 POINTS,
GOLDMAN SAID HIS INSTITUTION WOULD ENCOURAGE INVESTORS TO BUY STOCKS IF SUCH A
STEEP DECLINE OCCURS.
"IF THEY REALLY LET SOME AIR OUT OF THE DJIA, WE WOULD THEN BE BUYERS," HE
SAID.
GOLDMAN ALSO SAID U.S. EQUITIIES MARKETS WERE DUE FOR A CORRECTION,
FOLLOWING THE DJIA'S FIRST-EVER CLOSE ABOVE THE 9,600 LEVEL LAST WEEK.
HE PREDICTED THE CORRECTION WOULD SHORTLY RUN ITS COURSE.
"WHAT IS GOING ON IN BRAZIL WILL NOT DERAIL OUR ECONOMY," HE SAID.
"SO THE IMPACT WILL BE SHORT-LIVED."
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