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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (11864)	12/23/1997 1:47:00 PM
From: Cymeed	Respond to of 25960

Elroy, once again a very informative post re Asia. In regards to the market situation, I think it is normal for all of to be fearful sometimes. The market place is always a mix of fear and greed, what can we say. Personally, I don't think the sky is falling. Exspecially when I saw the durable goods order number this morning, I feel pretty comfortable that U.S. is doing fine. 1.8% real growth may sound like a small number, but this is a huge improvement over last decade, boosted by high tech such as aircraft, might I add, computer industry. People might have put too much focus on the troubled spots (Korea, Japan). True, both Japan and Korea make me worrisome. But there are shining spots too in the world. Europe's economy seems healthy so far; the huge Aircraft order also tells me probably China is buying; South America seems healthy too. U.S. is definitely the economic and financial leader of the world, besides its leadership position in politics and military. The overall market is experiencing a healthy correction currently, ever since made record highs in August. Going forward, the bull market still seems intact. People still look for investment vhicles in the equity market. As long as people have jobs and income, as long as the 401k program is continuing, this bull market seems to die hard. Hope I am right.

To: Elroy Jetson who wrote (11864)	12/23/1997 1:48:00 PM
From: Czechsinthemail	Read Replies (2) \| Respond to of 25960

Regarding your comments about the newly elected South Korean President's comments that South Korean would go bankrupt today or tomorrow without IMF payments, I'm told that his comments were intended as a tongue-in-cheek joke. I guess some people didn't find it funny. Baird

To: Elroy Jetson who wrote (11864)	12/23/1997 2:29:00 PM
From: John Chalker	Respond to of 25960

Elroy, Just for accuracy, 3.1% GDP growth is after inflation has been removed. This is measured by the implicit price deflator, which showed inflation at 1.4%, not the CPI number of 1.8% that you referred to in the post. In general, I think your thoughts are focused in the right direction, I just want to be accurate. Chalks