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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Sowbug who wrote (6335)	12/11/1997 11:25:00 AM
From: Brent D. Beal	Read Replies (3) \| Respond to of 13594

Everyone was waiting in October (actually, since 1994) for a huge ***market crash. So in October it starts happening and everyone sells like crazy. Then everyone realizes "Wait a minute, this isn't turning out to be a real big-time crash; rather, it's due to a very specific event: the Asian meltdown. Whew, glad it wasn't 1987 all over again. Hey, now it's time to look for some bargains -- after all, the U.S. economy is still intact. Hmmmm, which companies don't have a significant Asian exposure? Aha, AOL!" Congrats on your profit, but this is exactly the reasoning I was making fun of. Let me try a few more on you. Shit, AMZN doesn't have any exposure to the Japanese capital market, I'd better buy. Holy mother of spam, VIAS doesn't do any business in the North Pole, so they won't be affected by the increasing ozone problem, I'd better put in an order right now! Etc. Etc.

To: Sowbug who wrote (6335)	12/12/1997 12:18:00 PM
From: Tim Kenney	Respond to of 13594

>Everyone was waiting in October (actually, since 1994) for a huge market crash. So in October it starts happening and everyone sells like crazy. Then everyone realizes "Wait a minute, this isn't turning out to be a real big-time crash; rather, it's due to a very specific event: the Asian meltdown. Whew, glad it wasn't 1987 all over again. Hey, now it's time to look for some bargains -- after all, the U.S. economy is still intact. Hmmmm, which companies don't have a significant Asian exposure? Aha, AOL!"< I suppose that is why the Russell 2000, which has almost no Asian exposure, did so well yesterday?