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Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?


To: Donald Wennerstrom who wrote (1567)10/28/1997 12:21:00 PM
From: Kent Sarikaya  Read Replies (1) | Respond to of 2754
 
Don, good points.
Here is an interesting point I heard someone make last night:
Japan has the biggest impact on our economy then any other Asian country. Japan has been and is in a major economic slump for the passed few years. How did it impact on our markets? Zilch, we just had an incredible run in our stocks this year. So these other countries are not going to stop this bull market.

I think people were just looking for a correction. They needed to see the valuations go lower, so the market could start the next leg up. The drop in Asia, it being October it was time for the correction. Don't forget in 2 months money will start pouring back into the markets and the next big run will start.

With the holidays coming, we'll have continuing volatilty and a period here to establish a strong base for the next big run. I think we'll have an opportunity to trade stocks in the next 2 months with this volatilty and then to settle in for the next bull run in the New Year.