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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (3532)	8/23/1998 2:45:00 AM
From: Marc Schiler	Read Replies (2) \| Respond to of 11051

All, Analysts attribute the current bearishness to the Asian troubles and the Russian troubles. Russia represents at most 1% of the US market, and I don't have statistics to compare it to the world at large. I have heard numbers like 3-5% for the Asian connection, although it is much higher in network, chip and cell phone stocks. This is still a tiny percentage. I have two alternate ideas I would like to "float". a.) Short term the market is, in fact, reacting to the Clinton scandal and the concern that he might do something even bigger of international significance to divert attention, and no one thinks that will be good. I don't think the scandal affects the market at all, but the nervousness about the diversions is much more potent in the financial areas. b.) Long term the small investor is beginning to take seriously the projections of decreased productivity due to diversion of resources to deal with the Y2K bug. There are several billion dollars in (wasted?) programmer time, at least, to consider. The demographic bulge of Woodstock generation and baby boomers investing is still pushing the market up, but the above issues are causing concern, and perception is still very significant in the market. Could this be the sea change we feel? OTOT: Steve. I am a professor of environmental controls in the school of Architecture, which means energy issues, passive solar design, lighting, acoustics, fire safety ... It works out to any technical issue not included in structures. Now as to what I profess ... that's more of a theological issue, isn't it? Let me know, if you're ever curious. Regards, Marc