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To: Slumdog who wrote (16138)12/21/1998 11:20:00 AM
From: Smart Investor  Respond to of 27307
 
It is always dangerous both on the upside and the downside when stocks are delinked with their fundmentals. That is happening with the whole stock market right now, especially the Net stocks. I still think that if we do not have sever pull back in the next couple of days, we will definitely have one in January. Considering that there will be no more interests cut for a while and many parts of the world economy are in recession, there is no way that this market can ignore all the problems and keep going up.

As for YHOO, the current whisper number is $0.25/share or more, anything less will be a disappointment. We will see if this bubble will finally burst in January. I also think some reporters or SEC will eventually look into the practice between Softbank and YHOO. It is really sad when lying and dishonest seem to be acceptable in this country. This will permeat into every sectors of the society. How can we trust government statistics and company earning reports when dishonest is acceptable ?



To: Slumdog who wrote (16138)12/21/1998 11:24:00 AM
From: Smart Investor  Read Replies (1) | Respond to of 27307
 
Hi Taylor,

Look at this story. biz.yahoo.com
Russia's economy will get worse in 1999, and will definitely become more unstable. With its economy collapsing and anti-America sentiment increasing, it is becoming very dangerous.