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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Crimson Ghost who wrote (15093)2/17/2002 10:06:16 AM
From: TobagoJack  Read Replies (2) of 74559
 
I also imagine that the average W3C Asian investor is getting a sense that the Asian markets are undervalued relative to the US given the Asian corporate governance cleanliness, accounting transparency, media impartiality, business ethics and regulatory superiority, separation of church and state, and separation of legislature from judiciary <g>

It is a relative world after all (splice in Disney parking lot tune ‘It’s a small world after all’), and collective investor memories are short:0)

A few days ago the Daily Reckoning noted that what is happening to the US equity and bond markets investors (i.e. the news that has struck JPM in quick succession - Enron, Argentina, Kmart, Global Crossing, Tyco, and now Qwest) is similar a wife having just learnt that her husband has a second family in Thailand and a third family in Newark. Now, all the wives are wondering where their husbands’ second families are.

Chugs, Jay
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