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

To: IQBAL LATIF who wrote (13769)	11/8/1997 3:47:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Ike Markets tend to correct themselves from the excesses and abuses.. Re: the recent recession here in the USA...The market crashed in 87, just 2 years later the bottom fell out of the real estate market, and a host of other markets as well.. I considered that singular event, the 87 crash, as the precursor of that depression, not recession...It nearly bankrupted the entire country.. I know I was living the nightmare in business in New England... The real cause for concern Ike, is the potential fall out of the banks, on their loans to the good companys in Asia, that "could be affected" because of defaults of others....I have some knowledge of the semis equip sector... Even though companys here are doing business with other companys there, and really not the consumer directly...There still could be fallout of dangerous preportions if certain banks cannot handle whats coming...I love AMAT-KLAC-KLIC etc etc...I'm hoping that INTC will calm some of the streets nervousness of this sector... Earnings are coming out with forward statements that will guide us in the right direction... Oh I know we have to be there well in advance, but with trepidation and caution...This market Ike is NOT cut & dried..No way...Alan G, would NOT surprise me one iota if he raised rates...He would have right now, if it were not for the current problems Globally.... I am very wary of the direction of the markets...But i've been very yo-yoish anyway<g>...Nothing new my friend...However I have learned to be patient... Anyway the story will unfold as we speak...I still feel bullish, more from a contrarian view...Lots of negative vibes & fear right now...It's healthy that's for sure... Let us see what can befall us as we venture into the abyss<VBG>