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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Howard Feinstein who wrote (59518)	1/23/1999 10:15:00 AM
From: limtex	Read Replies (1) of 61433

Howard - Always good to see your posts. I put this over on Q ealier ...what do you think? I just couldn't help have a say about this. It seems any time the market drops a few % that out come a bunch of doomsayers and scare the pants of eveyone or at least appear to try to. This week we've had:- Mr G ...yet again. I couldn't believe it he did it again. I wish we had a timetable to show exactly when he is due to go to Congress and speak when the market is doing basically OK. Yes when things go nastily wrong I want him to act to put things back on track but I would have thought he would have said nothing this time. What he should be doing is:- 1. To ensure that anywhere that US banks lend money there is really strong financial supervision in the country. In facr even stronger than that in the US since most of these places make Sodom and Gemorrah look like Rhode Island. 2. To ensure that US companies and banks only trade with countries/companies that observe the same commercial rules as US companies. 3. Fix the IMF That'll do. Then we had Barton Biggs. What no earth is wrong with this man. Still I suppose if he carries on saying this stuff then sooner or later he'll be proved right. Lastly and best of all is Mr Eisuke Sakakibara, Vice Finance Minister for International Affairs. He spoke to the Foreign Correspondents Club of Japan on Friday. Guess what..this guy says: "I tend to agree with Mr Greenspan that there is a possibility the US equity market is overvalued" I mean I am just staggered. Which equity market is he talking about and on what basis is it overvalued. This man has some responsibility for the Japanese economy and if there is any reason whatsoever that the US equity market has nay problem ( which is far from a fact) then the Japanese economy or rather the lack of it is one big cause. For a man in Japan to come out with this while his own economy is daily hitting new lows and his equity market has dissapeared off the radar screens fo all the serious investors on the planet is just the limit. Sorry to rant on but this guy combined with Barton Biggs ( the Voice of Doom) and Mr G just did it for me Regards, L

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