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

To: Jacob Snyder who wrote (6018)	6/25/1998 7:58:00 AM
From: Mason Barge	Read Replies (1) \| Respond to of 10921

<<And his prediction of a Fed Funds rate cut in 1998 is pure wishful thinking >> You're overstating this just a tad. The dialogue has at least moved from "will the Feds raise rates" to "will the Feds lower rates". You are certainly right that the full employment picture would make it difficult for the Fed to lower rates, but not completely impossible, given the dollar's stregth and the possibility of slowing growth in the economy. Things have changed in the last 6 months. Greenspan is, of course, difficult to pressure. But he will still feel some pressure from the White House due to the situation in Asia -- one could speculate that the gov't will want to drive some buyers out of the US fixed securities market if it really wants to prop up the yen. It's politically less hazardous than buying yen in the market. At any rate, to the point, if we did get a rate decrease (and I agree it's unlikely) it would be double benefit for semiconductor equipment issues -- the regular benefit to the general equity market, and also the positive effect if would have on Asian countries' currencies and borrowing ability.

To: Jacob Snyder who wrote (6018)	6/25/1998 9:00:00 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 10921

Jacob, talking about bear food..... after a good day for my long portfolio, I was happily counting my chips when I saw shadows of the bears all around me. DOW has arisen 12.8% this year to date, the S&P 500 16.7% and the Nasdaq 19.6%. Are we heading or already in irrational exuberance levels? What if Asian markets start to stabilize, how much money are going to leave the US market? Even the boomers will be investing overseas via the hottest Asian funds. Just like Japan in the 80s, it was hell of a lot of fun for the Japanese to have more money than they know what to do with. They are paying for past exuberance now. Will the time come for the US markets? I have not heard anything positive about this sector for some time now. Where is Cary Salsberg? I need to ask him is blood running in the streets or are major hemorrhage yet to come? Ramsey