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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (12869)	10/27/1997 4:40:00 PM
From: zx	Read Replies (1) \| Respond to of 50167

Hi Iqbal, do you agree with this statement from briefing.com. . The extent and scope of today's declines, however, points to more than just concern over currency issues in Asia... What Hong Kong has done is bring to light for investors the realization that the U.S. market is overvalued, and that revenue and profit momentum for corporate America is slowing... Thus a fundamental shift in sentiment took place today as investors, the majority of which were institutional, opted to take profits with selling hitting on all fronts as small-, mid, and large-cap stocks posted sharp losses... Further declines are expected tomorrow as the individual investor follows through with sell orders after getting a chance to mull over today's activity... Market internals were dreadful, and overwhelmingly negative.. good luck, ag