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To: William Hunt who wrote (14852)12/19/1997 3:43:00 PM
From: billwot  Read Replies (1) | Respond to of 27012
 
William and thread-here is also a pleasantly bullish view!!

usatoday.com

"I think most of the damage has already been done and you're being handed a God-given opportunity to buy the Intels, the Microsofts, the Applied Materials, the Sun Micros, and the other great technology companies," said Frank Cappiello, president of McCullough Andrews & Cappiello, and chairman of the Cappiello mutual fund family. "Every once in a while, you're given that opportunity. This is one of them.

"The U.S. continues to be an excellent place to invest, and we're going to be hurt the least of any country in the world from the Asian fallout," said Cappiello. "There's good news from the Asian situation in that it slows the economy so that the Fed doesn't raise interest rates. We think earnings will be adversely affected by an average of 5%. Some industries might be impacted by 5% to 10%. Even with moderately lower corporate earnings, we could see higher stock prices in the months ahead due to lower interest rates."

Yaacov-BTW, here in Eastern NC, it is also 65 and sunny.

billwot