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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Jordan who wrote (6549)6/15/1998 10:25:00 PM
From: Jorge  Read Replies (1) | Respond to of 9343
 
Jeff...Asian money is flowing to the US equities markets...Last week, according to a group that tracks money flow into mutual funds, there was twice as much money put into stock mutual funds as the week before..I forget the actual figure, but something like 6 Bil. compared to the previous week's 3 Bil....

One strategist I read today (and I know these guys get paid to move their lips and pens so who knows how much they really know, they have to say something) said "...today's stock market action will be looked back on as the greatest buying opportunity of 1998."

I know it doesn't look like it right now, but I've been reading a number of professional analysts comments lately and they are saying when this correction is over (they say too much positive going on to sustain a bear market) the upside move will be EXPLOSIVE and not just a fizzle...

Hang in there...the market and SEEK will be fine, IMHO.

Regards, George