Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: DoggieDude who wrote (57253)	8/9/1998 9:54:00 PM
From: Patrick E.McDaniel	Read Replies (1) \| Respond to of 176387

Doggie, ref.....Anyone have an idea of what Monday morning may look like?? A sunrise to the east gets my vote! S+P futures are down 2.1 but that could change dramatically. We will have to wait. A line from the movie "High Road to China" "The oxen is slow but the earth is patient."

To: DoggieDude who wrote (57253)	8/9/1998 9:56:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

The calm after the storm-Looking ahead. Sunday August 9, 6:41 pm Eastern Time WALL ST WEEK AHEAD - The calm after the storm? By Richard Melville NEW YORK, Aug 9 (Reuters) - The tumult in Wall Street stocks seems to have waned, meaning investors could enjoy a long overdue period of peace next week. Given the market's recent volatility and the potential for an eruption on one of several economic and political fronts, investors are likely to view an onset of the summer doldrums -- that lethargic period where volume dips to holiday-like levels -- less as a calm after the storm than the eye of a hurricane. The Dow Jones industrial average has staged a partial recovery from its nearly 1,000-point correction, a slide that peaked in intensity during Tuesday's 299-point slide. Some on Wall Street were particularly encouraged by renewed late-week buying in downtrodded areas. ''We actually saw investors become a little more venturesome, with buying in areas like techs and energy,'' said Hugh Johnson, chief investment officer at First Albany. ''It looks like there's a little more willingness to take risk and that's a very positive sign.'' Also helping was a decidedly benign July wage and payrolls report on Friday, one that confirmed the economy remains on track for moderate growth, despite the ongoing Asian economic crisis. Importantly, that growth still has not sparked any hint of meaningful wage or price inflation. ''The shock from Asia has slowed the economy, but its only intrinsic problem is a potential shortage of workers,'' said Bruce Steinberg, chief economist at Merrill Lynch. ''In that sense, a soft landing is just what the doctor ordered.'' While questions persist about U.S. corporate profit growth in the near term, the overall economic climate has Steinberg optimistic about next year's earnings outlook. While optimism gained the upper hand at the end of the week, most analysts stopped far short of forecasting a quick repair to the market's damage and to be sure, some see more lows before new highs. For one thing, politics in Washington remain a large question mark, as former White House intern Monica Lewinsky may be called to add to her testimony before a grand jury about her relationship with President Bill Clinton. Clinton is scheduled to offer his side of the story on Aug. 17 and rumors will undoubtedly swirl through the markets ahead of the event. But analysts are less worried about the Clinton affair than the potential for more turmoil stemming from Asia. ''This makes for wonderful train conversation in the morning, but from an economic perspective it doesn't amount to a hill of beans,'' said Philip Orlando, chief investment officer at Value Line Asset Management. ''Everybody knows it's really (Treasury Secretary Robert) Rubin and (Federal Reserve Chairman Alan) Greenspan with their hands on the rudder of this economy,'' Orlando said. In contrast, the weakness of the Japanese yen and the possibility of new regional problems remain the top concerns on Wall Street. The yen's weakness has weighed on U.S. export levels, slowed Gross Domestic Product growth and already prodded central banks in the United States and Japan to intervene on behalf of the Japanese currency in June. ''A lot of eyes will be on Asia and the currency situation over there,'' said Charles Crane, chief market strategist at Key Asset Management. ''If we get a devaluation out of Hong Kong or China, that takes all the focus off the U.S.'' Currency weakness has become an issue in countries far removed from Asia. The central bank in Canada -- the United States' largest trading partner -- intervened on Friday, aiming to end a slide in that country's currency. Investors will receive a brief respite on the economic front, with no major data due until Thursday's retail sales report. Producer price data is slated for release on Friday. For the week, the Dow was off 285.27 points at 8,598.02. The Nasdaq composite index was off 25.62 at 1,846.77. The Standard & Poor's 500 index lost 31.22 at 1,089.45.

To: DoggieDude who wrote (57253)	8/9/1998 11:52:00 PM
From: Spytrdr	Read Replies (2) \| Respond to of 176387

Black Monday... ___ Sunday night.... Anyone have an idea of what Monday morning may look like??