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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: Paul Corbett who wrote (8452)	1/8/1998 5:38:00 PM
From: marq	Read Replies (2) \| Respond to of 10836

It's ASIA. People are worried. The Indonesian rupiah crashed again today, and their stock market fell almost 12%. It will have _some_ effect on US and other markets; just that, no one knows exactly what, and so people are nervous, watching others be nervous, and that's why i think there is little January effect. Should be an interesting year. Good luck. Cheers, Mark

To: Paul Corbett who wrote (8452)	1/8/1998 5:41:00 PM
From: Neil Booth	Read Replies (1) \| Respond to of 10836

Is the market moving into a new dynamic? Or is it simply overpriced and coming back to traditional PE's? I tend to think the latter. This Asian thing is getting a bit scary now. The Rupiah has lost 75-80% of its value in 6 months; half of that in 10 days. Imagine having your wealth in rupiah! Japanese banks are as lost a cause as ever. The only currency holding up over here is the Honky, and that might not hold long. Dollar-yen is going over 150 to 180 I think this year. Detroit is going to suffer, mainly because of their braindead idea with Bill Clinton 3 years ago of forcing the yen up to 80 against the dollar. That made the Japanese exporters ensure they were competitive at 90-100 yen to the dollar. So when it goes to 130 plus like it is now, either they're super competitive or super profitable. Then you've got Europe about to plunge into a disastrous (IMHO) monetary union, at the same time as most of their companies haven't done much about the millenium bug. The funniest thing I've seen in a while is in France: the unemployed demonstrating and holding the country up (again!) wanting a $500 year end bonus! I think it must be performance related! They apparently have the support of the public, which to me indicates France's problems run very deep. Doomsday is near! Neil.