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

To: Teri Skogerboe who wrote (20728)	6/24/1998 3:18:00 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

Japan lost 50% of their entire market cap years ago and have still been struggling. Just because a stock/market has fallen does not make it a value play. American cos. are growing both top and and bottom line growth, and many have zero debt, something the Korean cos. cannot say. There are several Japanese banks which have fallens 95%+ yet nobody is buying. Why? People are not sure what bad debts they have on the books. It's a dangerous assumption to believe that simply b/c a stock has fallen, it is now a value play. I am not saying do not invest; only that if you do it will probably be dead $$ for several years. BTW, I believe YHOO is now $5B+ and AMZN near $5B

To: Teri Skogerboe who wrote (20728)	6/24/1998 3:28:00 PM
From: derek cao	Read Replies (2) \| Respond to of 70976

Re: I'll put a good portion of my 401K money into a Korean mutual fund. Teri, does your 401K provide a Korean fund choice? Not too many 401K plans provide such exotic funds. What do you think of Korean government bonds? Derek

To: Teri Skogerboe who wrote (20728)	6/25/1998 5:16:00 AM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

re: "Do we have a speculative bubble in the US stock market?? " We have a bubble in some sectors: internet, drug, large-cap(other than tech). Others (tech, biotech, small-cap) are reasonably valued. I've stopped trying to understand why some stocks (and some entire industries) are at a PE several times higher than their expected EPS growth rate. I've listened to all the reasons various people give, thought about them, and discarded them. I'm left with this: eventually, the fundamentals will re-assert themselves. Someday those stocks will crash, and I won't be there to get hurt. A Korea fund sounds like a bad idea. At this point, I see no clear indication of their future. They could bounce back quickly, like Mexico, or they could go down and stay down, like Japan. It's a gamble at this point, with inadequate information to make a decision. BTW, thanks for the e-mail.