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 : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (6278)	8/31/1998 7:29:00 PM
From: Serge Collins	Read Replies (2) \| Respond to of 18016

Doug, I don't want to add oil to the fire but there are other factors that could really send this market down further. One is the total lack of political leadership in the world. You have a pervert in the White House who's on the ropes and a senile drunk in the Russian White House who can barely speak, combine that with inept and corrupt government in Japan and you can see how difficult it will be to untangle this mess. One other important factor that is often overlooked as it pertains to U.S. equities, is the relative strength of the U.S. dollar. If the dollar starts to weaken, as I believe it will over the next few weeks, people will start pulling money out of U.S. equities and putting it into markets that have already been hammered such as the Japanese market. That will be good for commodities and even some Canadian stocks but it could prolong the misery on Wall Street.

To: Doug who wrote (6278)	8/31/1998 10:50:00 PM
From: Doug	Read Replies (1) \| Respond to of 18016

All: As at 2200hrs, the NIKKEI,HANGSENG and SING are all down . However ,there has not been a major sell off. If those markets hold, we could see a bounce at the open. We will then need a few days of sustained positive momentum to clearly establish if this is a genuine reversal.