Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Al Serrao who wrote (14091)	11/12/1997 6:05:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 50167

Al; RE:"If this gold index keeps tanking..." ...VERY astute of you to notice this development, Al. If this (world - wide deflation) persists, it is possible that the FED could lower interest rates in December. "DeFlation" is probably the number one worry of the BOJ/FED/BundesBank leadership right now. Ike; RE:"test of DJIA 7200" ...Certainly looks likely, with 6900~7000 the last line of defense, n'est-ce pas ? At present, what I'm looking at is the historical P/E's for some clue as to what "values" the market will eventually stabilize at, in addition to the horizontal supports on the price charts. I think that we can presume that AG and other leaders will re-assert that the "economy" is fine (because, it is). Of immediate concern is the box the Japanese have gotten themselves into, as you so clearly illuminated in a recent posting - note the DEM/Yen is soaring - along with the HangSen's relentless collapse, which is heavily weighted with real estate (rather than stocks)... DeFlation, as Al has indicated is the worst scenario for the Bank Of Japan to cope with. As I mentioned in an earlier posting, the focus for us now is to identify support and resistance levels, in stocks, and in the indices; for it makes no difference whether prices go up or down - only that they move from one level to another, in such a way that we can realize capital gains from their movement. a bient“t -Steve

To: Al Serrao who wrote (14091)	11/13/1997 1:10:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Al- I am looking at Japan tonight- I would think that Japanese package will restore some confidence- The market close yesterday was bad but last night subdued reaction from Japan was equally strange- in my opinion hand of God - Al you are worried about bonds but let me tell you if markets sell bonds will also eventually sell as one of the reason of market weakness has been threat of Japanese if they ever need to sell paper to repariate some badly needed cash- however I think this is again noy possible as selling US paper would lead to Yen atrengthening against $ that is the last thing an export oriented company like Japan wants to get out of recession. I bought today into Teradyne Parameterics Cambridge ASMLF TXN AMAT Lattice COMS march and Feb out of money calls- for me this is the point to add some of these stocks.