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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (1519)	3/12/2001 11:13:24 PM
From: Ilaine	Respond to of 24758

Honestly, Darleen, you are right.

To: Ahda who wrote (1519)	3/12/2001 11:33:34 PM
From: Keith Monahan	Respond to of 24758

biz.yahoo.com Monday March 12, 11:21 pm Eastern Time Asia Markets Slump After Grim Performance By Robert Birsel SINGAPORE (Reuters) - Asian stocks followed U.S. markets sharply lower in morning trade on Tuesday with Tokyo's key index lurching below the 12,000 level for the first time since February 1985. The U.S. dollar found itself thrust into the role of global safe haven and holding firm at $0.9274 to the euro in late morning trade, having edged ahead from $0.9285 in New York and a low around $0.9342 on Monday. The dollar did surrender some ground to the yen, slipping to 120.14 yen as Japanese repatriation pulled it back from a fresh 20-month high of 120.72 in New York. Asian markets saw losses after the U.S. Nasdaq composite index tumbled more than six percent on Monday, hurtling through the key 2,000 level to two-year lows as investors worried about U.S. economic health. The Nasdaq index closed at 1,923.38 after seeing no resistance when it handily sliced through the 2,000 level, already off about 60 percent from last March's all-time high above 5,000. The blue chip Dow Jones industrial average slumped 4.1 percent to 10,208.25 and the broader S&P 500 sank 4.33 percent to 1,180.02, closing in bear-territory, defined as a 20 percent drop, for the first time in 13 years. BOTTOM DIFFICULT TO SEE Tokyo's Nikkei average was led down by steep falls in bellwether high-techs, such as PC and chip maker NEC Corp which shed 6.31 percent to 1,560 yen, after the plunge in U.S. counterparts. ``The Nasdaq's slide has investors on pins and needles,'' said Yuji Nakamura, strategist at Shinko Investment Trust Management. ``A bottom is now more difficult to assess than ever and there is certainly more room to fall. It depends greatly on how U.S. shares react to future interest rate cuts.'' The Nikkei average slumped 2.11 percent or 256.81 points to 11,914.56 by midday. In the first few minutes of trade, the Nikkei dropped below 12,000 for the first time since February 7, 1985, when it closed at 11,940.80. Traders said fluid political conditions were exacerbating the bearish tone with opposition parties stepping up their attack on unloved Prime Minister Yoshiro Mori. Finance Minister Kiichi Miyazawa said the heavy falls were within his expectations and he had no plans to ask the central bank to return interest rates to zero. HONG KONG, AUSTRALIAN MARKETS SLUMPS Hong Kong stocks fell more than two percent at the open, pummeled by sharp losses on Wall Street and in shares of global banking group HSBC Holdings. The Hang Seng Index was down 2.72 percent to 13,402.43 points by 0326 GMT. HSBC Holdings, the largest stock on the Hang Seng Index, tumbled 4.39 percent to HK$98 in early trade. HSBC shares traded in London fell sharply on Monday following a downgrade by Goldman Sachs and concerns about the impact of the slowing global economy. Australian stocks took their cue from the grim U.S. performance and slumped from the open. The benchmark S&P/ASX 200 index was 2.05 percent down at 3,252.6 at 0317 GMT. However, analysts said the Australian market is perceived as a good defensive play owing to its small exposure to technology stocks, the sector which has led Wall Street's slide. South Korea's key stock index fell sharply from the open as the U.S. drop sent financials and chipmakers sharply lower. The Korea Composite Stock Price Index (KOSPI) opened more than three percent lower and was off 2.75 percent at 530.07 at 0321 GMT. Analysts expected the KOSPI to find a downside support at 520 where it had gapped up in January. Singapore's benchmark Straits Times Index slumped in early trade and analysts expected the market to test lower levels later. The index dived below the 1,800 level to a fresh five-month low and at 0322 GMT was down 2.94 percent to 1,795.5. Taiwan was alone in bucking the negative trend. Its market was 0.87 percent higher at 0333 GMT as state funds stepped in and investors chased chip stocks on hopes product prices would rebound.

To: Ahda who wrote (1519)	3/13/2001 1:14:22 PM
From: KailuaBoy	Respond to of 24758

We are in trouble. That is not going to show up unitil the news starts to pick it up. There is great discomfort in much of Silicon Valley now, produce sell, lets get income up. New mantra in Quiche Valley, indigestion. Silicon? Am i not right KB? Darlene, Yes, you are right. I'm not qualified to comment on the broader market but I can tell you that in SV right now you either make something tangible or you demonstrate profitability. No one has any patience for BS. There's nothing wrong with that. KB