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

To: dwight vickers who wrote (19336)	1/2/1998 1:40:00 PM
From: Frederick Smart	Read Replies (1) \| Respond to of 42771

Dwight: Agree with your recent post. >>Probably just one more price to pay later, but I still have trouble getting keyed up about more than a very brief and devastating bout of inflation. That would have far worse consequences, longer term.>> As for Rogers comment on Japan printing money, that's what I've expected all along. Gold stocks look like a very attractive investment/hedge at these levels. The whole world "sold" the market down the river in a very short period of time - creating tremendous bearishness. Now the worry is there for everyone to face every day. At any time, the market goes in the direction that pisses the greatest number of people off for the longest period of time. Many bailed over the last two months and will be kicking themselves going forward. Longer term, however, inflation is the problem which we must all factor in eventually. These are just my thoughts.

To: dwight vickers who wrote (19336)	1/2/1998 2:46:00 PM
From: Paul Fiondella	Respond to of 42771

(Off topic) Banks fight over Korean garbage heap Today's Times hints that smaller banks are unwilling to roll-over their debt. Today's WSJ hints that some banking groups have their own agenda going in Korea. Morgan wants Korea to assume the burden of all bad commercial debt and float international long term bonds. Citibank is angling to do the you buy the bad debt from the selective banks we want to take over routine. Meanwhile everyone is silent about Indonesia currency weakness and Japanese debt. I found this is FEER. "What US investors don't seem to take into account is that recent earnings per share growth is absolutely unsustainable. The US will be lucky to see 3% EPS growth in 1998. I see a substantial correction in the S&P which may approach 25%." =========================== I don't see much prospect for inflation in the US, not with the competition of Japanese, Korean, and Asian companies running on deflated currencies. I think the economic slowdown here will come sooner than imagined due to the decline in buying power in Asia (30% of world markets) and tremendous pricing pressures coming from the US being flooded with imports. IF the Asian deflation ever spreads to the US, Gold may come back with the loss of confidence in US debt. One thing to look for in terms of markets will be balance of payments statistics. I think these will begin to replace employment statistics as a market trigger.

To: dwight vickers who wrote (19336)	1/2/1998 8:26:00 PM
From: Serendipity	Read Replies (2) \| Respond to of 42771

<< I heard Jim Rogers say on CNBC this AM that the Japanese had been printing money ataproximately 1% per day recently. >> Jim Rodgers, is he the same gentleman who said, on CNBC, "...not in our life time would we see 6% in the long bond." To be believable, one must have a tract record. A record which we must be willing to examine. JR, has been dead wrong on his calls and his doom and gloom for too long... Well, if you know the man and believe him, you are welcomed to follow him... Happy Holidays to all. --> ps. Who pays JR to give us free advice of Fridays? Or should I ask: Whom does he PAY?