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To: Gottfried who wrote (5166)10/27/1997 9:28:00 PM
From: uu  Read Replies (4) | Respond to of 64865
 
GM:

I think tomorrow we may all see a more idiotic sell off than today (at least at the beginning anyway). The Honk Kong stock market is down already about 12%, and dropping as I am writing this. Although this is too early and the day over there has not ended yet.

One thing I dont really understand, who are these people who are selling into these sell offs (in the US stock market), and taking the big hit? Do they really need their money that badly to take such huge losses?!! If they do, then I guess they deserve what they are getting since they should not have been invested in the first place!!

Oh well... Cant wait till market opens tomorrow....



To: Gottfried who wrote (5166)10/27/1997 9:34:00 PM
From: james  Read Replies (1) | Respond to of 64865
 
So do I!

I heard that there is only $23 tri around the world. Gold is worthless, bonds yield about the same after today. more money into the bonds, lower the yield. Where is the buck going to stop? US is not on sale. somebody has to buy something to live on. at the worst i could tell these quality co get so cheap, several industry shakeouts is inevitable, esp. when most big boys have a few bucks to spare. I am sure I don't. just hope i can hold long enough. during the last 6 mon. telecom went nowhere, until wcom stirred things up a bit. things this good at this price won't hanging out there for long.