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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (4592)	10/8/1998 1:43:00 AM
From: ed	Read Replies (3) \| Respond to of 21876

Actually the down trend is almost over at this point, unless the DOW is to slip another 2000 points to 5500. The dollar is down, this is good for export of US high Tech product, and which also means higher profit margin in terms of exchange rate. Japan is to reform its banking system, and the FED is to drop another .25% in Nov. European countries are to drop rate. China is not to devaluate its currency as long as Japan maintain its value of currency ( now is 121 to 1 USD). Nothing wrong with the current international environment. What is needed is super good news to lift the confidence of investors. So, we are now pave the way for next up trend. Why FED needs to drop the rate for another 0.5% ? The current problem is consumer lost confidence and they do not like to spend money. As a result, money did not change hands, which will generate economic activities. If FED drop the rate for another 0.5%, then consumer's confidence will be rebuilt, and they will spend again, which means more production capacity will be needed, which also means more jobs, more economic activities, and money will start to move from hands to hands. To Asian countries, it means more export to the US and European market, and more foreign reserve for the Asian countries, and more imports from US and Europe, which means more job opportunities for US and european job market, and economy start to move and money start to change from hands to hands again , which means economic growth.