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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: dougjn who wrote (20412)	6/15/1998 6:25:00 PM
From: Ramsey Su	Read Replies (3) \| Respond to of 70976

Doug, I wish I can be as optimistic on the scope of the correction. The concern I have now is a total meltdown type correction. Growth fuels growth and vice versa. We may be facing "vice versa". It will be a long recovery for Asia. Multinational corporations are starting to get hit. Our economy is so inter-related that non-multis may be dragged down indirectly. I completed my analysis of the 30 or so stocks that I follow this weekend. Never in my investment life have I so little confidence in the earning estimates ahead, especially for 1999. The US market has been artificially inflated with too much money from baby boomers and flight to quality from other nations. If US hits a recession, baby boomers will be stealing from their 401Ks to make ends meet. Foreign money can depart as quickly as they arrived, especially if there are signs that the Asian markets are coming back. Hate to be such as pessimistic. Anyone got some good ideas to cheer me up? Ramsey