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

To: Alan Gallaspy who wrote (6195)	7/5/1998 1:09:00 PM
From: Joseph Beltran	Respond to of 10921

Alan, I agree with you. The market has dealt a near deadly blow already to these chip equipment manufacturers. Any downturn in the nifty stocks will cause these stocks to take even greater hits -regardless of how much of a "value" play some of them may be at this point-. The key now is japan: if there is no near term turnaround or at least a very credible prospect for same, the yen will continue its slide and eventually china and hk will devalue leading to a worldwide recession IMHO. Personally, I just don't believe japan will do what is necessary to turn things around. "don't believe what they say they will do. watch what they do". Witness how the market has responded to japan's announcement of a "bridge bank" and hashimoto's "suggestion" of a permanent tax cut. The market has heard all that b/s from japan before and the proclamations and utterances of their politicians have no credibility. There is NOTHING that the u.s. can do for s.e. asia except urge japan to take action. And WHEN has Japan ever taken a leadership role in any crisis??? regrettably, I think we are in for some very troublesome times. it will take a titanic effort to extricate the world from a recessionary mode. regards