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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Mason Barge who wrote (10065)	11/19/1997 3:15:00 AM
From: Jess Beltz	Read Replies (2) \| Respond to of 25960

The Nikkei closed down 884 points on a remark made by Hashimoto that there would be no public funds cash infusion (which the market feels is badly needed) to pump up the depressed banking sector. (The Hang Seng closed down 248 points.) Furthermore, the Asian Wall Street Journal has an article that Japanese banks, which hold a lot of US government treasuries, may start dumping them. If so, it will flood the US debt market, drive down prices and drive up interest rates. That probably won't help the stock market very much. Look, there is nothing wrong with Cymer. I agree with Mason's earlier comment that even possible future order pushouts associated with production/floor problems with the steppers may already be largely incorporated into the share price. I think the problem right now is almost entirely market driven. I think an increasing number of investors are seeing the emergence of the B word as a reason to stay out of the market now => no buyers for a lot of stocks. The market is acting manic. It rises a little on really good news, but is quick to tank on any bad news, and sometimes on no news at all. I don't know how it will react to today's developments here, but I fear another big-down at the open. The fear of a Bear market is almost tangible. jess