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

To: Ramsey Su who wrote (5870)	6/15/1998 10:24:00 PM
From: Investor2	Respond to of 10921

Re: "I don't know where the source came from but the article suggested that $700 billion flowed into the US markets since the Asian flu started. Really hate to think what will happen to the market when those funds decide to exit for whatever reason." Paul Kangas of Nightly Business Report today said, "And the broadly based Wilshire 5000 had its fourth biggest one-day drop ever, 210 3/4 points; and that represents a paper value lost of $230 billion." So, today's drop in the Wilshire 5000, a one-day drop mind you, lowered the total market cap of the index by about one-third of the $700 billion that has flowed into the US markets over the last six months. Looking at it from that perspective, the inflow from Asia really hasn't been that big of a deal. Best wishes, I2