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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (15449)	12/10/1997 8:56:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 50167

TOM I think calm thinking and prudent care under these current market conditions reigns supreme...I would think that by Apr 98, we will begin to see whats ahead for the balance of the year.. I am not taking any positions in ANY stocks at this time...The fall out in Asia is simply at the very TIP of the iceberg.. And TT, only the BEARS, like ICE!!!<g>... I know I am a perma bull..but things are begining to unravel rather quickly...JPM???? WARNS???? Not good my friend...A bellweather DOW stock of that magnitude??? I would wait for cheap & cheaper stock prices on down the road... After eps in JAN when stocks REALLY bottom, then will come the buying frienzy, with pent up dollars just waiing to pounce on those long forgotten downtroden stocks we know and love...TECHS??? not on your life... Yeah yeah I know, but my bones say NO WAY NOT NOW!!! I'm keeping my green in my jeans for the moment... My Regards, Jerry

To: Tom Trader who wrote (15449)	12/10/1997 10:07:00 PM
From: Nancy	Read Replies (1) \| Respond to of 50167

Hi Tom, Re: Hong Kong - my youngest brother lives in Hong Kong, he used to work for Dow Chemical in its business development area and last year switched to Jardine (an old line British firm) when Dow started its worldwide restructure. He sent me e-mail yesterday about the absurdity but also the reflection of shaky confidence people have over the economy. Re: Cake run - In Chinese tradition, when a couple get married, the groom's family will send the bride's family and their friends cakes - in modern society, they send gift coupons for cakes. Those coupons usually good for a year or whatever. There was a rumor a chain cake shops will close, so everyone who has the unused gift coupons rushing to exchange their cakes :) A Japanese chain department stores closed its door over there, and people rush to all others to spend their unused gift coupons, in fear of other department stores will close their doors too. Economy is definitely slowing down, in terms of luxury spendings, although inflation remains high, 6-7%. The wealth effect is very pronounced in Hong Kong, may be due to culture. General living standards remain the same though and employment remains healthy. In general, things are very expensive when comparing to here. You and I will be "the cheapest" and wouldn't buy anything at their prices. :) As for quality stocks, I firmly believe there are plenty of quality stocks OUTSIDE tech sector. PHYC, PhyCor, I know about it. Wouldn't you think HBOC a better company, although they are not exactly in the same category. However, I feel anything relates to managed care is tough business. Too much regulation, too thin a margin. TRV is good name to own. CEO is first class. Too bad the stock is near its all time high. cheap and cheaper cannot buy it. :) I also like PFE a lot, SGP & ICN too. Again, these are at their highs right too. Oil service sector is in secular uptrend for probably another 2-3 years at least. Dont believe we would see 12/01 low before January earnings. If we do, better buy it hand over fist.