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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (13782)	12/1/1997 8:50:00 PM
From: TechnoWiz	Read Replies (1) \| Respond to of 27012

Good Evening Sonki: Thanks for the glowing remarks. You sound like you're beating up on yourself a bit too much, when you don't need to. Although I don't know you I get the sense you are one of the shrewdest market reads on this thread. I understand your confusion and concerns at this point and if you don't feel good in your gut it maybe signalling something. Sometimes things look crystal clear and other times the glass gets fogged up. Right now I would not underestimate the power of this market and that will be underlined if we get a good followthrough of today's action. The European markets were very impressive as were the Latin markets, but the real opportunity may be in Korea and Japan. As you note these markets have been in a bear for 10 years, but unemployment is still extremely low in these countries and the work ethic is very strong. These countries will eventually come back stronger than ever as will the Asian Tigers, especially now that China and HK combo are part of the equation. Asia is going to be more dominant in the 21st Century. The Korea Fund (KF) might have a little more work to do at these levels but it only has to move to 12 from here and you've virtually doubled your money. I sense that you have concerns for '98 and obviously there is a lot more risk in buying stocks today than a few weeks ago. In fact, I think we may get that pullback I was looking for from around this level in IBM, so you may get another chance to get back in. I expect a little more of a move in bonds, but I am skeptical of them at these prices. Remember, the markets and the economy can often surprise and are frequently at opposites with mass thinking. Right now the mass thinking is that we are in a deflation and that there will be a slowdown next year, but that may not turn out to be the case. The market leads the economy and this market is sending us a message by its continuing strength. The biggest surprise in 98 would be a correction in bonds and some sort of upward move in rates. I am not saying that we will get a rate hike, (personally I think that would be a disaster), but I would not rule out a move down in bonds similar to what we got in August. Actually, I smell some opportunities right now that may offer better returns than bonds. EG. Mexican (US Dollar denominated) debt and Gold Stocks soon. I feel that if you sit back and wait, opportunities will present themselves as the months go by and if you are not exposed in the market to things you are unsure of, you will have a much clearer view of things and be free to act accorddingly. rgds Wiz