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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (23880)	9/6/1998 8:38:00 PM
From: MileHigh	Read Replies (2) \| Respond to of 70976

Good Stuff attached! That is, good information, bad news though.... securitytrader.com securitytrader.com MileHigh

To: Proud_Infidel who wrote (23880)	9/6/1998 9:02:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

BK, Investors are getting cautious, corporate earnings are decreasing in many of the Dow 30 stocks in large part due to exposure in Asia. Europe looks to be very unstable due to the Russian/Asian situation. South American economies are in severe turmoil. Currencies all over the world are devalued due to deflationary pressures and large Korean/Japanese companies are in near bankruptcy, but Abby says all is ok in the US therefore it must be so---NOT!!!! Any additional perceived bad news from Russia, (Yeltsin, loan defaults, riots, etc), or major loan defaults by an Asian Tiger country will wreak further havoc in the markets. I read the text of Allan Greenspans' speech and my take was that the fed is very concerned about the global economic repercussions on the US economy. I also took from it that the "FED" will wait and watch events unfold. I imagine that Allan G. is greatful that the markets corrected back to "reasonable" levels since a previous speech that he made referenced the "overvaluation" of stocks and the markets. He also hinted that the "FED" had considered raising rates earlier in the year but decided to wait instead. I suspect the "FED" is comfortable with lowered stock/market valuations now and there is no real need to modify rates since things appear more stable, for the time being. To read any more into the potential of a rate cut is self satisfying fantasy, IMO. Anyone who is foolish enough to just overlook the world-wide international situation and its forthcoming effects on the US economy deserve what they get. Remember the phrase "Caveat Emptor". Just my opinion, BB