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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (150)	10/7/1998 11:23:00 AM
From: rich evans	Read Replies (1) \| Respond to of 10688

From your "ART of WAR " perspective, this could be an outstanding buying opportunity. In a global economy and competetive enviroment ,we have our enemy's weak and in trouble. The ill advised investments made for a variety of reasons in ASIA and other places created large overcapacity. The debt created for these investments can not be serviced. Now we have the supernova of a dying star overseas. They are shiping as much as possible to earn dollars etc just to meet payroll etc but no debt service. So they can't last and are shutting down fabs etc.Also they do not have capital to buy the new fabs/equipment to stay technologically competetive. Most of the businesses are capital intensive like chips, telecom, circuit boards etc. Granted you get a beggar thy neighbor problem since Asia has no money to buy our products such as wood, chemicals ,paper etc and their shipping here of their goods below cost causes temporary problems in steel, circuit boards, chips etc but in the end the strong survive and ASIA flares down IMO. So for a long term outlook, I think one could be a buyer of many stocks at these low PEs. The ECM area: see JBL's recent report, is particularly favorable IMO. Rich