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 : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Craig Rogers who wrote (1662)	8/29/1998 9:42:00 AM
From: Andeveron	Read Replies (2) \| Respond to of 19700

>> With the uncertainty way, way up, who is going to hold over the weekend? << What uncertainty? Russia is a known catastrophe that destroys wealth and is "led" by a bumbling alcoholic. Russian people will suffer the most as ruble turns into toilet paper and black market thrives on misfortune. Russian effect on world markets is of negligible nature, yet it wipes billions of market cap because of fear. Market has discounted this uncertainty, which is now fact. Japan is led by plodding ministers who have no conviction to do anything. Their country is in recession and will stay there for the next 3 years. Markets will eventually completely discount this contagion. Rest of Asia will sink into recession, dragging Latin American countries along for the ride. Emerging economies follow the leaders. No uncertainty, the world markets are in the process of cratering. The USA remains a bastion of strength but fear replaces greed when it looks like the end of the world.