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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: garrick le who wrote (22989)	11/12/1997 4:49:00 PM
From: Tom Latham	Respond to of 61433

Jonathan, You are sure a brave BEAR to pronounce your opinion on these boards when the S%%T is flowing as bad as it did in the market today. Give us all a big bear speech on a day when the market is up 157 points and there might be someone then who gives a rip. ( For anyone who cares he has a bearish post on PAIR board also).

To: garrick le who wrote (22989)	11/12/1997 6:09:00 PM
From: Johnathan C. Doe	Read Replies (2) \| Respond to of 61433

Garrick, the market will give us an answer by Friday it looks. I am sitting here pondering if people are not seeing the possibility of this turning into a bear market due to world financial conditions spilling over into the US market. I would not be surprise to see a DOW of 4800 in such a situation. NASDAQ could go to 1000. P/E's are forward looking and if forward is losses instead of earnings, the P/E's currently carried by many companies could be indefensible. When I look at all of the bank downgrades when interest rates are falling, I think people better start re-thinking the good fortunes the market has hosted the last 6 years or so and they better start THINKING more about what has changed. Deflation is the worry now, not inflation and the concern is getting more intense.