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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: WiseGuy who wrote (2716)	11/13/1997 12:17:00 AM
From: Ken Twining	Read Replies (2) \| Respond to of 6980

Paul: Great Post!...It looks like Keefe is right! The Asian Markets just turned around in the last half hour or so, from being down substantially to now, being UP! Just when we needed it!!....It looks like one should cover if short or buy if long...esp, in the Techs!! Did you get this article through www.wallstreetjournal.com? And if so is there a subscription rate now to get online? Thanks!!

To: WiseGuy who wrote (2716)	11/13/1997 12:25:00 AM
From: RFF	Respond to of 6980

Market observations I don't think this market is even close to a bottom yet. We may get a bounce tomorrow, but I think we're still heading lower over the next couple of months. The majority of Wall Street still thinks "stocks are great", "the best investment", "buying the drops", "in a new economy that is suited for equities", etc. There hasn't been any real pessimism yet - still have people buying with both hands every other day. Think we will hit a prolonged buyers strike soon and eventually start seeing a majority of selling. Don't think it will be anything really bad and prolonged, but maybe another 10% down - Dow 6700 to 6800 - and start recovering next year. Or maybe I'm just feeling overly depressed about things right now. Japan and Hong Kong are rally today - but think Japans banks and brokerages have to start buying - can't afford to let the market drop any more or the could start to see insolvency levels. They can't keep the market propped up for long though - their economy won't support it. There goes that pessimism again. Anybody else have a rosier point of view? Please. Good luck. RFF