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Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?

To: semi engineer who wrote (4855)	11/11/1997 9:35:00 PM
From: AJ Berger	Read Replies (1) \| Respond to of 9124

Might be why Institutions are gun shy with us... MICHAEL CARMEN, executive vice president of Kobrick HFS Funds, is yet another money manager who thinks the Fed will leave interest rates unchanged after its Open Market Committee meeting Wednesday. But that doesn't mean Kobrick is bullish on stocks. For now, Carmen says the market feels very "heavy," and he thinks it's likely to fall back to recent lows. "The momentum right now is in ephemeral things, there's no carry through," he observes. "One sector does well for a few days, and then it peters out. This could go on through the next couple of weeks or through the end of the year." One reason the market is listless is that money managers, including Carmen, are trying to protect their 1997 gains. "Most people are up very nicely for the year," he says. "Nobody has to be a hero. Why buy something now when clearly there's some fraying of the fundamentals?" One clear danger zone: tech stocks with lots of exposure to emerging economies like Brazil and South Korea.