To: Charles Hughes who wrote (1162 ) 9/8/1998 9:29:00 PM From: R. Martenson Respond to of 5102
I am quite uncomfortable with the current fundamentals, looking forward. Over the past decade we have become immensely dependant on international trade. There is a "new world order", even though I hate the phrase. And at present it appears the markets around us are collapsing, deflation is almost a given, and 'denial' is guaranteed to last for 6 months. In the mean time, IMHO, traders will have extreme difficulty weening themselves from the bull market addicition of the past. Tomarrow or the next we will have the prospect of a change of Presidents in both the US and Russia at nearly the same time, in fairly unplanned circumstances. Russia is on the verge of a 1917 style revolutionary fight ( people are actually holding up Stalin pictures as a show of support for a Communist return ). This is not the bull market of our fathers era ...I believe it is time to go cold turkey and hunker down. This may sound alarmist, but just the unease of the atmosphere will make most investors pull in there horns and run for 'safety', what ever that is? I just know it isn't the tech stock sector. INPR may infact be turning the dime on it's income, BUT the investor psychology is turning the opposite direction with a much stronger sentiment. Greenspan is giving breathing room for the major market makers to unload one more time before the next wave of huge selling hits the streets. And, picture this...Al Gore and Newt Gingrich in control of the world's most powerfull lighting rod for terrorist and a Stalin 'clone' in charge of the half starved and ego brused Soviet military. The next few weeks won't be any picnic, and suggest we all, pick our investment VERY wisely. This investment decision is much bigger than the number of bugs in JBuilder.