Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Dale Baker who wrote (10020)	6/15/1998 8:56:00 AM
From: Joey Two-Cents	Read Replies (1) of 18691

Had the Dow closed down Friday by the 125 pts it was down at 2:00 (400pt's in 3 days) we may be looking at a record selloff today. The derrivative exposure of these banks to Asian currencies and its effects are unknown but enormous. The deflationary pressures working against countries with $ loans is detrimental to the world banking system. As the $ appreciates and commodity prices drop the risk of defaults by these nations increase. In the next 18 months we have a double whamy of Asian (world) meltdown and Y2K. I don't really see how Asian banks, Auto companies (GM Is spending $ 500M), factories etc will find the money or talent to rectify the Y2K problems. IMO any bank with Asian derrivative exposure (JPM, CMB, BT) is an easy bet. I like the options (leverage) over the stock

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