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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (8424)	9/21/1998 9:08:00 PM
From: MeDroogies	Read Replies (1) \| Respond to of 19080

Not likely. Asia was, is, and will be a blip. If for no other reason than the fact that Asia represents but 7% of the world's GDP. People right now are simply overreacting to it. Most companies aren't even effected by Asia in any direct way. As for the Dow slipping....anything is possible. But the Dow is fairly valued where it is, based on the current yield curve. I would be shocked to see it fall below 7400 on a regular basis. But, I don't expect it to rise over 8000, either, in the next 6 months. Come the new year, it should rock. Why? Companies exceeding earnings are still far more plentiful than those that are not. Consumers are a little rattled right now, but Greenspan IS going to lower interest rates. Just not now, when people expect it. He'll wait a month or two. Remember, things in general are in excellent shape, as far as the economy goes. Asia is the only thing that is posing questions, and it will eventually prove to be so meaningless, that people will move on to bigger issues. The President has ZERO to do with the economy, so the current mess there will eventually prove a chimera. It looks good, and provides a good excuse for the pros to pull money out while they sort through the wreckage. Stars like ORCL will be dug up, polished, and put on display again. There are many similar companies that will be among the chosen. Then the market will rock........ But I don't expect much until the new year.