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Strategies & Market Trends : Rande Is . . . HOME
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To: Tradelite who wrote (38627)10/17/2000 11:21:09 PM
From: Bucky Katt  Read Replies (2) of 57584
 
I don't know if many here follow the Asian markets, but the NIKKEI 225 is making a new 52w low, under the key 15000 mark, a near 3% loss, and it is early in the day. Same with the Taiwan & Korean markets.
This will not be good for US stocks, as Asia is heading toward a deflationary spiral.
In simple terms, they won't be buying many hi-tech US exports, or low tech, like lumber, for that matter. And many US multi-national banks may have loans in that region that will be sucking air soon.
bloomberg.com
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