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

To: IQBAL LATIF who wrote (13029)	10/28/1997 5:56:00 PM
From: Joe S Pack	Read Replies (2) \| Respond to of 50167

IKE, Yesterday night I posted this note on AMAT thread predicitng leaders should come to salvage the market rather than the government. exchange2000.com My wish came true today with IBM and INTC announcing their buy back. If MSFT and other leaders (CSCO, AMAT) who have solid cash reserve join the foray things will turn from "over blown irrational correctiions" to another "rational exuberance" by the end of this week. All they need to do is just announce that they are contemplating one doing buy backs. Another reason why US market showed leadership today is so much is at stake. When HK kept saying that we are tied to US currency and when blood bathing continued all the currency traders started sending a message to US by dumping dollars (both Yen, Mark went up against dollar) and US did n't want to see this senseless downvaluation under a near perfect inflation free economic condition. Today market also sent a message that HK worry cannot be overblown to US territory without valid reasons. Regarding online or phoneline trading I had very shitty experince with Fidelity today. Their s---$$5^ webexpress was totally dead till late after noon and their TouchTone line kept on giving busy signal till 1 pm. So I had to go to a local branch to execute a trade. Another irony is that the local branch was not authorized to trade options. So I could make only one transaction till 1:30 pm and managed to get through their TouchTone express after 1:30 pm. So much for the respect I had on Fidelity. One of the reliable things any serious investor should consider is to find a brokerage service that has both online as well as a local branch close to your home or work place. -Karun