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To: Rosemary who wrote (19011)10/24/1997 12:44:00 PM
From: vip  Read Replies (1) | Respond to of 176388
 
I guess some encouraging news from Mrs. Cohen. Hope it helps technology
sector. Follwoing is from Reuters.

NEW YORK, Oct 24 (Reuters) - The U.S. economic and profit outlook remains solid and the consequences of slower Asian growth will likely have only a mild impact long term in the United States, said Abby Joseph Cohen, co-chair of investment policy committee at Goldman Sachs & Co.

The well-respected Wall Street guru made her comments today, following yesterday's turmoil in global stock markets, triggered by a 10 percent plunge in Hong Kong shares.

''We continue to expect the U.S. equity market to rise in price and have made no change to our 12-month target of 1050 (for S&P500 index),'' Cohen said in a report.



To: Rosemary who wrote (19011)10/24/1997 5:54:00 PM
From: William C. Spaulding  Read Replies (2) | Respond to of 176388
 
I am astounded by what is going on. There will be bargains galore on
Monday. There is absolutely no reason for this market going down like
this except for the sell programs, and then the people begin to panic.
And its Friday again.

We'll watch and buy on the dips. Nice dips too. I'm not concerned.


Now, Miss Rosie, isn't that what I have been saying all along? Next week is definitely buying time!