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 : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Bipin Prasad who wrote (32431)	9/6/1998 4:41:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

Thread: After the bullish "recovery" in the DOW in last 45 minutes on Friday what is market sentiment in the US this weekend? Anyone care to comment on e.g. PBS Wall Street Week, any of the big newspapers such as NYTimes, Barrons, tv talking heads, any gurus out beating the bushes? I hope that the US is not going to get its knickers in a twist over Clinton. Viktor has just been on TV in Russia explaining his proposed dictatorship. The communists are trying to squeeze as much as they can from the confirmation process. But by offering to pay everyone -teachers, soldiers, miners, pensioners etc - even with devalued roubles, he has a momentary advantage hand. Nobody is predicting with confidence whether he will be confirmed on Monday - which is a change from a few days ago when it was predicted he would not be confirmed. Yeltsin's meeting with the miners and others tomorrow will be important. Even if he is not confirmed, it is more likely than not that he will be on the third try. The main effect on a confirmation on stock markets will be remove one short-term uncertainty. In Europe it is relatively quiet. There is concern about what will happen in the US in reaction to South America and other troubled financial markets. But widespread recognition that the US economy is good, as is Europe's, in fact Europe will probably grow stronger than the US in the next two years. I read very varied interpretations of how overvalued the US market is or has been, very little - except for Abbey Cohen - about it being reasonably priced under under-priced. Although there is recognition that the correction has produced good bargains in selected stocks. Quite a few comments over here that there will probably be a rally but the troubles will not be dispensed with until Japan and Asia starts mending. COMPAQ ads saturated the billboards at the recent televised Sweden v England soccer match, and COMPAQ has a very high profile generally in Europe. Victor