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Strategies & Market Trends : Waiting for the big Kahuna

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To: Defrocked who wrote (11355)	12/11/1997 9:06:00 PM
From: bearshark	Read Replies (1) of 94695

Defrocked: I agree with you. I have been expecting a long drawn-out bear market. In my opinion, the next rally may be fairly weak. However, the seasonal factors may carry it into mid-January. I would not be surprised to see a repeat of the January of 1973--if we make it that far. I believe all of us are now experiencing something new. In my mind, I have been picturing it as a potential back-door recession in the U. S. By that I mean a potential recession that is not caused by the Fed raising rates. We have one-thrid of the world economy suffering. Japan has the financial strength to clean itself up. (If it desires and if it can escape the effects of its neighbors.) However, S. Korea does not. The last time I looked S. Korea is continuing the meltdown tonight. This cannot go on. If S. Korea implodes, it very well may turn into the first economic black-hole swallowing everything in its vicinity. Europe will be affected next by an unmanaged SEA crisis. Then the U. S. How does our world pull itself out of this type of recession--if it comes to pass?

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