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.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (51724)	9/7/1998 6:15:00 PM
From: Nancy	Read Replies (2) \| Respond to of 58727

Hi Don, No, I dont think we will resume to an uptrend, but I suspect the severe downtrend is abated, at least for next week. :) No, we will not rocket back to 9400 - fundamentals only went from bad to worse and we will hear more earnings warnings very soon. HWP just said that US has cooled down a lot and the evidence will show in next few months. What AG did is to try to stop the panic selling, especially in financial stocks, the banks etc. by suggesting that liquidity will be put back in the system if things really get out of hand, and to ease the fear of a recession. While the market has lost a big chunk, the losses in the financial stocks just last week alone, is daunting. And these are no small caps. Oh, dont forget Rubin needs to engineer a better environment for Goldman's IPO - hence it is important to stem the decline in MER & MWD ... There is a lot of manupulation going on ... In 1997, market rallied about 3% on 11/3, only to lose it all in next 7 trading days, but it did not test the panic lows. Then it proceeded to move back up till mid Dec before lost it all again. We could very well be in this kind of pattern again.