To: Joe Antol who wrote (18640 ) 11/24/1997 11:16:00 AM From: Paul Fiondella Read Replies (2) | Respond to of 42771
Market finally reacts to Korea/Japan??? or Nah Like a charging elephant determined to put its tusk into a hunters groin, the stock market today discounted the Asian crisis with a what me worry attitude. Bill Clinton, boasting of being first with straw for the elephant and praising the use of land mines as a backup measure, declared the Korean problem just a glitch in the road. Having had many little glitches in his Elvis Presley youth in those old Chevies with the wide bench seats and now speaking with the authority of chief import/export guru, el presidente cited the numerous benefits of the opening to China, including the many personal contributions made by Chinese/American lobbiests to his recent campaign. When asked about Kimberley Clark and the loss of jobs exported to Mexico, the last major recepient of US bail out money, Bill shrugged off this criticism of CitiBank and its investments and stated that Americans needed high tech jobs not jobs involving the manufacture of toilet paper and said he stood firmly behind an open trade policy. Prime minister Cretin of Canada citing Chairman Mao's famous quotation "this is a time for confidence in our future" let the president know that any time the United States needed a penny or two to round off the $20,000,000,000 that Korea was expecting in a direct US bailout offered to import some of those Korean Samsung monitors through Canada to disguise the impending collapse in the US balance of payments deficit with Asian countries. It was a what me worry all over the street day. Only one company, Novell followed its instincts correctly, with the stock on the decline several percentage points in response to the news that it was time to dump before earnings having met all the run-up requirements of sucking in naive investors. Your correspondent whining with the best of them and reporting from a latrine in the Pacific Northwest, Mr. Negativity PS I understand from the consensus estimate some analysts wouldn't give two cents for NOVL