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 : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (7446)	11/9/1998 7:27:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

Lee, <<What are your thoughts on this recent run-up? >> Many of you know that I follow the Disk Drive sector closely. If there is a correlation then I would be cautiously optimistic near term. I think recent events and policies have bought time but I do not see long term solutions to two big blaring problems: Overcapacity and fundamentally BK'd banks. Those problems will sit there until we have no choice but to pay the piper. How long? I have a suspicion that Y2K is going to serve as the caller at the square dance. Industries and individuals will race around creating a technology feast for a good part of 1999. It is entirely possible that semi conductor and associated spending will continue to grow right through this holiday season. But it may be a "head fake" albeit a big pregnant one. These thoughts are born of wildly free thinking with no regard for charts, IMF, or Paul Krugman. Best, Stitch

To: Lee who wrote (7446)	11/9/1998 8:54:00 PM
From: Z268	Read Replies (1) \| Respond to of 9980

Lee, On the market run-up, there are signs that the Asian markets seem to be pulling back. However, I am not sufficiently connected to be able to comment on the Asian markets intelligently. What I would like is to say my two cents worth on the US market. There is still an excessive amount of "irrational exuberance" over here, buoyed in part by massive amounts of liquidity controlled by people who do not, or do not want, to understand the bigger picture. I think the US market is poised for for another run up to 9,500 (DOW) before Christmas in pursuit of short term gains, before the other shoe drops, and we fall back to 7,500 - 8,000 next Jan/Feb. Best, Steve