How are the Asian markets doing now??

What is your estimate of the happenings on Wall Street later on today??

-- K. Stevens (kstevens@ It ALL went away 30+ days ago .com), January 30, 2000

Answers

I don't have a clue. If I could anwer that question, I would be a wealthy man.

-- JoseMiami (caris@prodigy.net), January 30, 2000.

No bets here, but if I held Amazon or a dot com, I'd be nervous for the short term. Amazon announced 150 layoffs recently, and no matter what spin they try to put on it, it's clear they are not expanding rapidly enough to justify their ridiculous valuation. This dot com bubble has to burst soon; it will have some ripple effect, and it is a much needed correction.

-- ImSo (lame@prepped.com), January 31, 2000.

IMSO:

Agreed. I like Amazon the company, but it can't keep operating at a loss forever, until it can find more people who want to support its money-losing business. I hope Amazon turns around, but I sure wouldn't buy its stock.

-- haha (haha@haha.com), January 31, 2000.

K: Regarding how the Asian markets did, Japan is at +104.92, Hong Kong is at -575.46 Singapore is at -45.23 and the rest can be seen here. International Indices

-- Susie (susie0884@aol.com), January 31, 2000.

FTSE 100 seen sharply lower after Wall St tumble

LONDON, Jan 31 (Reuters) - The UK's FTSE 100 index was expected to open sharply lower on Monday, taking its cue from steep losses in New York Friday when strong U.S. economic data increased concerns the Federal Reserve may aggressively hike interest rates this week.

Financial bookmakers IG Index and Financial Spreads saw the UK benchmark index starting down around 80 to 90 points, following a roller-coaster week in which it ended with a net gain of just 29 points or 0.5 percent.

The Dow Jones average fell 289 points or 2.6 percent, and the technology-heavy Nasdaq composite slid 152 points or 3.8 percent -- its second biggest points loss ever -- after above-forecast employment cost and gross domestic product numbers showed strong momentum in the U.S. economy and that growth was pressuring prices.

The Hang Seng index was also rattled by nervousness over U.S. interest rates, slipping 3.8 percent by 0702 GMT.

``I think we are in for a nervous week,'' said a senior equity salesman at a British brokerage.

More here: Link

-- susie (Susie0884@aol.com), January 31, 2000.

What is your estimate of the happenings on Wall Street later on today??

Its probably going to break even, give or take 50 points. Its waiting for the Fed to make its move and when it raises interest rates .25% there is going to be another huge relief rally just like the last three interest rate increases (based on why should this one be any different than the last three). There is a 5% chance that the Fed will raise .5% in which case the stock markets will plummet. There is a miniscule chance that the Fed won't raise interest rates at all in which case the markets would set all time record gains. Maybe Greedspin would do that for his ego, you never know.

There are a bunch of reports being released this week with the most important (employment I think) being released on Friday. In any case, all week long there is going to be extreme volatility maybe even more than usual (which would be hard to imagine).

If the majority of this weeks reports show continued strong growth then the markets are going to get rocked hard because we'll have a FIFTH interest rate increase in March.

That is my estimate - too bad I can't profit from it.

-- Guy Daley (guydaley@bwn.net), January 31, 2000.

If you have protected enough of your investments and retirement not to get wiped out with the dot.coms revaluations, then you have indeed profited from your understanding.

-- Squid (ItsDark@down.here), January 31, 2000.

NASDAQ just recovered 2% in 45 minute, and it did almost the same thing between noon and 1. Another 20 points in the last hour and it'll be back on the plus side.

3PM to 4PM has been fascinating the past few weeks. Kinda like the last quarter of an NBA game - the final result may have little resemblance to anything that happened in the first three quarters.

-- DeeEmBee (macbeth1@pacbell.net), January 31, 2000.