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To: Ibexx who wrote (39505)	11/7/1997 9:03:00 PM
From: Jules B. Garfunkel	Read Replies (1) \| Respond to of 186894

Ibexx, Your, "I usually refrain from making short-term predictions as the market forces are too complex to analyze. Yet most of these would neutralize one another over time, thus leaving only fundamentals as the major long-term driving force for a given stock's price performance. Spoken like a true long term investor. Well said. Regards, Jules

To: Ibexx who wrote (39505)	11/7/1997 9:05:00 PM
From: jackrabbit	Read Replies (1) \| Respond to of 186894

Ibexx and all -- The realaudio tapes of today's Intel analyst conference have been posted at audionet.com Regards, John

To: Ibexx who wrote (39505)	11/7/1997 9:05:00 PM
From: Ibexx	Respond to of 186894

Dear thread, Below is Larry Wachtel's (Prudential) closing market commentary for November 7: ______ Closing Stock Market Commentary brought to you by Larry Wachtel. This commentary, edited for use on the Internet, is broadcast on New York radio (station WINS, 1010 AM). Please note that securities mentioned within this commentary should not be considered as recommendations and are for informational purposes only. November 07, 1997, 5:10 p.m. EST DJIA 7581.32 -101.92 Asian contagion continues to hold sway on Wall Street as the slowing pace in global economies finds its way into the U.S. of A. The stalled rally back from last week's lows ran smack into another round of Asian selling this morning and both European and U.S. markets headed south. Couple this with a stronger-than-expected job figure, uncertainty about fast track trade legislation and a looming confrontation with Suddam Hussein and you had the framework for failure. At the bottom today, The Dow Jones Industrial Average lost as much as 196 points but some final hour firming cut the loss to only 101-points. But losing issues outpaced winners by a five-to-one ratio and technology laden NASDAQ fell another 21 points. Big board volume of 566 million shares was heavy for a Friday. This time around, the Asian culprits were Korea and Japan. The Korean Stock Index fell 6.9%, its worst loss ever, and Japan's NIKKEI plunged 225, below 16,000 for the first time since July of 1995. Concern about the stability of Asian banks was added to expectations of slower growth in the region, a situation that will hurt exports from the U.S. and elsewhere. Technology was whacked with the Morgan Stanley High Tech Index dropping 13 points or 2.9%. Last week it slid 4.2%. About the only saving grace was Intel. The big chipmaker held an analyst meeting and reassured about fourth-quarter results. The company also indicated no change in capital spending plans, information helpful to the semi-equipment companies. Intel posted a four-point gain, within an ocean of downticks. Western Digital was a major casualty, falling over six points after guiding analysts lower. On the zeal-to-deal, Quality Food Centers rose over seven points after getting a bid from Fred Meyer. Shares of Fred Meyer rose over a point. Central Parking was a four-point winner after agreeing to be acquired by privately held Kinney System Holding. Split announcements helped the shares of Varco Int'l and Heftel Broadcasting, while friendly earnings boosted Health Care Compare and JPM Company. Bonds were little changed after a Government report showing brisk job growth damped demand from investors seeking refuge from falling stocks. Non-farm payrolls for October rose 280,000, well above expectations, while the unemployment rate fell to 4.7%, the lowest in 24 years. Workers average hourly earnings rose 0.5% in the month, a bigger jump than expected. Without the Asian crisis, bonds would have plummeted but the flight out of stocks into treasuries kept yields steady at 6.18%. Analysts also cited the uncertainty of so-called fast track trade legislation which was scheduled for Congressional vote today but was delayed into the weekend. Failure to pass this legislation during a period of foreign trade turmoil might contribute to unsettlement next week. Next week should prove wet and wild, influenced by the vagaries of far away places. Wall street has come eyeball to eyeball with sobriety and blinked. _____ Ibexx