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Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?

To: Dale J. who wrote (5647)	11/24/1997 11:47:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 9124

Dale, >Investing isn't as fun as it use to be.<... But think of the invaluable experience we're gaining.<G> Seriously, please read the following for a clue on how Fidelity operates. It discusses the selloff in oil drillers, but this could apply to any sector. If you can't access the full story, e-mail me. exchange2000.com GM

To: Dale J. who wrote (5647)	11/24/1997 11:58:00 PM
From: Rational	Read Replies (2) \| Respond to of 9124

Dale: I have not been able to keep up with the posts as I was teaching today. I read, however, news on the wire. The following are the fascinating developments that will (IMO) temper the market's downturn. * There is a lot of infusion of federal money (liquidity) into the market; this in effect is a reduction in the real rate of interest. * The BOJ is SMART. I was surprised to learn this. But, Japan being the second largest economic powerhouse, I should have expected this: They have recently made a mutual PACT with the Federal Reserve Bank of NY to let them have US$, obviating a need to liquidate their US Treasury security holdings. Both of the above moves effectively reduce the interest rate (or not increase it) and hence the stock markets are unlikely to plummet. The stock markets will go down somewhat as Yamaichi's failure is being perceived as a symptom of a cancerous Japanese (or Asian) financual system. But, there is unlikely to be any panic, given (further) that the Japanese Govt has reiterated its stand to infuse public funds into the banking system. Even tech-stocks may rebound or not decline too much, except the ones pumped up with helium, like YHOO, IMHO. Sankar GOOD NIGHT!!

To: Dale J. who wrote (5647)	11/25/1997 12:31:00 AM
From: jkb	Respond to of 9124

Any guesses how low we'll go tomorrow? I hope everyone has some cash - doesn't look like even DELL earnings will help - for at least through the morning. I have a feeling we'll have a rally at some point tomorrow. Asia woes have been lingering over us too long - I'm getting tired of dealing with the same concern. 'Faulty overseas market - strong U.S. market' - yeah, yeah we know - and assuming that the overseas conditions will not improve in the short to intermediate term (safe assumption IMO) - how long will we have to deal with this bulls**t? -Jay