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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Sherman Chen who wrote (6118)12/11/1997 12:06:00 AM
From: PAL  Read Replies (2) | Respond to of 152472
 
Yup tomorrow will be ugly. All the world's market is down except Srilanka



Thu Dec 11 12:05AM Eastern U.S. Time -- U.S. Markets Closed.

Name
Symbol
Last Trade
Change
Americas
Brazil
Bovespa Index
^BVSP
3:46PM
9462
-379
-3.85%
Canada
TSE 300 Composite
^TSE
6:00PM
6754.53
-12.46
-0.18%
Chile
IGPA
^IGPA
4:31PM
4891.87
-43.55
-0.88%
Mexico
IPC Index
^MXX
4:51PM
5045.430
-66.440
-1.30%
Peru
Lima General
^IGRA
2:02PM
1763.09
-22.02
-1.23%
United States
S&P 500
^SPX
5:00PM
969.79
-5.99
-0.61%
Venezuela
IBC
^IBC
1:29PM
8521.83
-266.77
-3.04%

Asia/Pacific
Australia
All Ordinaries
^AORD
12:00AM
2517.0
-37.7
-1.48%
China
Shanghai Composite
^SSEC
12:05AM
1147.754
-10.088
-0.87%
Hong Kong
Hang Seng
^HSI
11:30PM
10358.78
-663.63
-6.02%
India
BSE 30
^BSESN
12:05AM
3331.83
-15.50
-0.46%
Indonesia
Jakarta Composite
^JKSE
12:00AM
405.078
-10.859
-2.61%
Japan
Nikkei 225
^N225
12:05AM
16143.26
-334.86
-2.03%
Malaysia
KLSE Composite
^KLSE
11:31PM
597.88
-38.48
-6.05%
New Zealand
NZSE 40
^NZ40C
12:03AM
2366.07
-30.05
-1.25%
Pakistan
Karachi 100
^KSE
12:05AM
1768.86
-0.87
-0.05%
Singapore
Straits Times
^SS1
11:31PM
1662.30
-41.22
-2.42%
South Korea
Seoul Composite
^KS11
12:05AM
379.60
-20.25
-5.06%
Sri Lanka
All Share
^CSE
3:26AM
698.20
+12.50
+1.82%
Taiwan
Taiwan Weighted
^TWII
11:03PM
8270.58
-232.97
-2.74%
Thailand
SET
^SETI
12:04AM
372.06
-18.61
-4.76%



To: Sherman Chen who wrote (6118)12/11/1997 7:36:00 AM
From: Ramsey Su  Read Replies (3) | Respond to of 152472
 
Sherman,

I have been pounding the table on this Asia problem but was rudely ignored. There were more interest in NCAA Division III lawn bowling than a total meltdown in Korea. It looks like the street is finally ready to accept that we have a global economy, troubles in one side of the world cannot be ignored.

Having said that, I still think the worst is yet to come. No one really knows the impact as Asia heads into recession. Having live through the RTC/Savings and Loans crisis in the US, the banking problem in Asia may dwarf the US problem during the 80s. China is no doubt having major problems but is refusing to face reality and risk "losing face".

Just my 2 cents, I see no reason in buying any stocks, including QCOM, for the next few months. The price seems low today but will be lower tomorrow.

Ramsey


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