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

To: Roger A. who wrote (23002)	11/12/1997 5:49:00 PM
From: sea_biscuit	Respond to of 61433

RE: I would love the bull market to continue, but I do think this is a bear market. The definition of a "bear market" is a series of lower highs and lower lows over a period of at least six months. So, by that definition, this is technically not a bear market. At least not yet. But we could be in a bear market right now. However, we will know that for sure only in the future, as we look back! Dipy.

To: Roger A. who wrote (23002)	11/12/1997 6:15:00 PM
From: uu	Read Replies (2) \| Respond to of 61433

Roger, > .did you ever sell? Just curious. No, in fact I bought more at $23 and some chnage a few days ago. As for this market and having the bear characteristics more than those a bullish market: What defines a bear market, in my opinion, is lack of liquidity and little or absolutely no growth in various sectors of the economy with high or rising inflations. However we are in a growing economy with absolutely little (if any) inflation in sight and where unemployment is at a 30 year low. Meaning people are prospering more than ever before. However because of the hardship they have gone through within the past few years of restructuring, in addition to have more wisdon in their future outlook, the psychology and mentality of the employed population is concentrated into saving and investing rather than spending their hard earned money. Just consider yourself. Are you more into savings and investing mode or are you going out everyday and spending your money on fancy Polo shirts and expensive cars? In a market where there is a saving and investment mentality and we have close to 0 unemployment, liquidity is absolutely not an issue. Right now people are on the side line. It is not that they are not willing to buy, it is that everyone is waiting to get the best deals. Someone will soon realize the best deals are at hand and the rest will massively follow. On a global basis in my opinion the same situation applies. We are living at a time where there are no cold (or for that matter any hot) wars (with the exception of once ina while hearing idiots like Saddam Hossein or Ayatollah type morans raise their heads which is immediately crushed by a global effort of all civilized countries). Global economy in general is pointing in a direction of low inflation (in most parts of the world), and the mentality oversees also is centered around a saving and investment concept. Sure we now have the Hong Kong and South East Asian situation. But I think this is a very very very short lived situation and soon the rest of the world (most likely the US) will come to rescue them (if indeed they are in any financial troubles). The prosperity of those countries in South East Asia is far more beneficial to the prosperity of the US for US to simply not do anything about it (remember Japan and Germany after Worl War II). And in a time of peace as we live now, the only way economic prosperity can be reached is thourh providing an infrastructure tha the optimum productivity can be achieved. This infrastructure can only be achieved by utilizing the technology. Therefore, in my opinion US high tech corporations are set to experience the highest and the most explosive growth than they have ever experienced before in the 20th century thanks to the economic problems in South East Asia, in addition to the the unqiue capabilities they provide not only to the US economy but also oversees to maintain strong economic growth with low inflation via providing the infrastructure for high productivity and low cost. As I said it is only a matter of time (and very soon - perhaps after thanksgiving) for the strongest bull market of the century to begin bringing an unbelievable walth for those who are taking advantage of market's fears today to gain from its greed later! Regards, Addi Jamshidi