Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: dwight vickers who wrote (19313)	12/31/1997 5:14:00 AM
From: Don Earl	Read Replies (2) \| Respond to of 42771

Hi Dwight, (off topic) Do you see a measurable impact on US earnings growth in the near future as a result of Asia? I tend to suspect that a lot of what market sentiment will be short term, will depend on what earnings look like compared to estimates going into the end of January. Consumer confidence seems to be at an all time high. If dumb, fat, happy Americans keep spending and investing, wouldn't US markets tend to be viewed as an island of safety for domestic as well as foreign investors? To me the most amazing thing about the stock market is that as long as the majority believe prices will go up, prices go up. As long as the news media continues to tell people everything is OK, the herd keeps moving in the same direction. The ability of Reuters to calm or panic the herd is unbelievable. Even in a land where speech is free, that kind of power strikes me as questionable. I don't know what things will look like six months down the road, but for now it looks like the bulls have been granted a reprieve. From what I've been able to dig up on economics I believe your assessment of the situation is pretty close to being right on target. From limited personal experience, I've found that when I'm the only one that is right and everyone else is wrong, it hasn't done me a bit of good. The hard part is guessing how long it takes for the herd to change it's mind. Happy New Year! Regards, Don