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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Beltran who wrote (5304)	5/6/1998 11:23:00 AM
From: MikeM54321	Respond to of 10921

>>MEDAN, Indonesia, May 6 (Reuters) - Mobs rampaged in the North Sumatran capital Medan on Wednesday, looting and burning shops and vehicles in an orgy of rioting only sporadically interrupted when troops fired at them. It was the third day of violence in the city of two million people, triggered by Monday's announcement of an increase in the prices of fuel, transport and electricity....<< Joseph, Wow. What a link. I'm surprised Dan Rather hasn't gotten on a plane yet to broadcast live over there. Isn't it amazing how lightly our media is treating the brewing crisis. We should send the link over to The Contratrian, Bill Fleckenstein. It sure supports his thesis. What do they say? Something about "Does the tree really fall, in the forest, if nobody sees it happen." If this news is never widely publicized, then maybe it won't effect our markets? Thanks for the link. MikeM(From Florida)

To: Joseph Beltran who wrote (5304)	5/6/1998 8:15:00 PM
From: MikeM54321	Read Replies (4) \| Respond to of 10921

Well as I write this, Indonesia is down ANOTHER 4-3/4%! Pure meltdown is happening again. Here's what Bill Fleckenstein has to say tonight (not even taking into account the current up-to-the-minute 4-3/4% loss): >>May 6, 1998 Market Rap with Bill Fleckenstein Asia was clubbed again last night(Bill means Tuesday). Indonesia was down about 5 percent. Malaysia and South Korea were both down about 4 percent, while China was weak for the second night in a row. Japan finished their first trading session following the holiday with a loss of over 2 percent. Most of the weaker countries continue to get crushed (by weaker, I mean those markets that got in the most trouble last year). By and large, the rallies that we've had in those countries have round-tripped. Once again, all those folks that have said Asia is behind us have been proven dead wrong. The financial market bounces have ended and the economic deterioration is starting to gain speed. As most people know, there has been dramatic civil unrest in Indonesia and Korea. There is no rational reason to think that things are going to get better anytime soon, as these problems slowly work their way towards our shores....<< Should be interesting to see what happens in the next month or so. But I have to caution you, Bill has been negative for at least two months or so(I think?). I just haven't really given him a lot of attention until recently. I've always liked his writing style and that was mainly why I have been a loyal reader. Now he is either making sense or getting to me? Bill reminds me of Cramer(Street.com), but Bill talks about what "may" happen. Cramer is always jumping on what "already" happened. Both tend to hyperventilate(in a good way) which is pretty amusing. MikeM(From Florida) PS Anyone find any links to historical charts of stock market indicies of foreign countries?