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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Liatris Spicata who wrote (5862)8/25/1998 3:14:00 PM
From: Joseph Beltran  Read Replies (3) | Respond to of 9980
 
The russell 2000 keeps getting pounded.....I believe it has set a new 52 week low. the carnage among the small caps -especially semiconductor equipment makers, oil drillers, and oil well equipment companies is amazing, utterly amazing. There seems to be no buying interest whatsoever.
Normally I would try to play a bounce in here but I'm scared sh---less



To: Liatris Spicata who wrote (5862)8/25/1998 4:01:00 PM
From: Brad Bolen  Respond to of 9980
 
Thanks Larry. It was not my intention to bash anybody's character.
If I sounded that way, I apologize.

Again, what I didn't understand is the endless chest beating (Bunga Bunga) that the government can NEVER do anything right. It is an idea that has been popularized to the level of mass hysteria. Though I will be the first in line to complain about many gov. efforts, I do think there is a place for it, even in governing fiscal policy.( Having family in Hong Kong may add to my appreciation of gov. efforts. No, I don't like the way HKMA is manipulating the equity markets)

With that said, If we must endure such anti-gov. messages, I wish they could always be delivered with the eloquence of a Kam.

Thanks again,

B.