Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: roly who wrote (9774)	10/27/1997 4:29:00 PM
From: Iceberg	Read Replies (1) \| Respond to of 70976

> We have lost TRILLIONS of Dollars the last few days following a miniscule Hongkong market. Roly, Crazy, isn't it? Is this stupid, or what? Ice

To: roly who wrote (9774)	10/27/1997 5:57:00 PM
From: Tito L. Nisperos Jr.	Read Replies (5) \| Respond to of 70976

Roly, let's take comfort of the fact that both our wives don't blame us for what happened to our respective money. I don't know why just before or after my birthday in Oct each year, I either become too rich or too poor depending upon the market's action. Maybe because I was born at a time of crisis---a day in World War II when my mother and me was surrounded with sacks of rice to shield us from stray bullets from the skirmishes between the Filipino guerillas and the Japanese occupying forces...I survived the war to experience various setbacks in the stock market, I suppose... Let me tell you a story told by my mother which was told to her by my sister now working as a nurse in Libya:---One day when I was too young to remember what happened, two planes, one American and the other, Japanese, was having a dogfight above the sky while my sister and me were walking on the rice paddies. Suddenly the Japanese plane crashed down not too far from us in a huge ball of fire with thunderous sound that might have damaged my eardrum that caused my sister to cower in fear amidst the rice stalks, shouting ---"Ading (little brother), come here, we are going to die!" ...as I stood unmoved over the rice paddies, watching as if a beautiful scene, the ball of fire, calmly assuring her ---"No!...Manang (older sister), we're not going to die...Mamang (mother) isn't here yet!"... I've had so many setbacks in the stock market but always came back stronger out of them--- each time!...

To: roly who wrote (9774)	10/27/1997 6:17:00 PM
From: Eric Sandeen	Read Replies (2) \| Respond to of 70976

Re: the media. Why do the reports talk in terms of points and dollars, not %, when reporting gains and losses? We're going to hear a lot of "Dow dives 554 in record one-day point tumble!" This is similar to the previous argument that because we were crossing 1000 points (6000, 7000, 8000) faster and faster, then the growth must be unsustainable. Of course it was faster and faster. 1000 points represented a smaller and smaller % of the market. 1000 and 554 points mean nothing in a vacuum. Without knowing the % of the market that these points represent, the numbers are useless. The reporters use these meaningless "record numbers" to hype the market and/or the story one way or another. I'm tired of it. Dropping 554 points is bad, don't get me wrong. :-) But 554 points is not the "worst drop ever" if we talk about what matters - percentage of the market. Today we had a 7% drop in the DJIA. So, along those lines, I wonder how this day ranks on percentage loss... -Eric

To: roly who wrote (9774)	10/27/1997 10:05:00 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 70976

Roly, I am glad to hear that you have a perfect wife. My wire also called me and let me know in teh mornign that today's market will be down. I was watching the tape all day and went on like our favourite energizer bunny. I think this market sell off is over blown. Look at south east Asian economy and the influence of Hong Kong market on total US market valuation. It is less than 15%. The market reacted as though the entire Hong Kong market has been razed to ground. By the in 87 crash on the following Tuesday FED and MMs worked together to create a positive outlook for the common investors. As per NPR interview with one of WallStreet Journal's award winning journalist, it was an illusion created by the MMs and FED including highest politician. As per his account FED strong armed some of the leading banks to lend money to MMs as they did not have enough cash to keep buying the stocks that had been dumped on them. On Tuesday (after black monday) these MMs kind of used the money to hednge on index Futures big time in Chicago floor. Hope something positive happens tomorrow. I think the stakes are high this time as there is no inflationary pressure and lot of folks are counting on the Street to make their retirement money. If the FED fails to give positive signal and drag keeps unchallenged there will be lot of political heat. Unfortunately it is not Oct. of an election year. I agree that it is one of the greatest opportunities for loading our trucks with a lot of good companies, AMAT is one among them IMHO. Happy bargain hunting. -Karun