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

To: coopie who wrote (26520)	12/11/1997 3:45:00 PM
From: BillyG	Read Replies (4) \| Respond to of 50808

coopie, it's O.K. FredE got into the Labatt's Blue a little early today. ;-)

To: coopie who wrote (26520)	12/11/1997 11:54:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 50808

Coopie, it's true over the summer on another thread I called for Dow 10,000 before the Big Bear appeared. It's sort of obvious with all the pre-announcements and disappointing earnings that the chances of that happening now is slim. For 10,000 to happen, Intel and Microsoft are going to have to report some great earnings next month, along with Compaq, IBM and Motorola. I don't see that happening. What I do see is a Bear Market. It looks like a 20%-25 decline ( from the highs ) that will probably bottom out late spring. The decline will get worse if individual investors panic. Then we could see 30%-35 decline. I don't expect the US economy to go into recession or depression. Profit margins and earnings will just get squeezed somewhat due to the crisis in Southeast Asia. Although I'm mostly in Cash ( 70% ), I'm 25% short and 5% long, Bear markets are great opportunities to buy certain franchises that have been unjustly or excessively hit. I say this because I want it on record that I feel that the US economy is the premier economy in the World and I expect the bearish storm not to cause much damage to the economy at large, except hi-tech stocks. The only thing that disappoints me here was the failure of Congress to approve Fast Track. It could have provided a means for these Asian Tigers to recuperate faster, like Mexico did. In a global economy, this country should have been smart ( it is certainly rich enough ) enough to go the route of Fast Track.