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Politics : Idea Of The Day
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To: Judy who wrote (14237)11/14/1997 1:11:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Judy- nice to have you back- in your absence OJ gave us good news on Klic- his Klac is moving all of us have a big smile and markets seem to stabilise- the bonds will close lower- people soon will realise as the world markets consolidate the fears of Japanese default stems from fear of domestic banks balance sheets these balance sheets are looking supposedly bad because exposure in ASEAN stock markets further increases Japanese default possiblities- now ASEAN crisis finds its roots in Baht speculators attack and poor economic prospects of region- now with HK property bubble partially puntured and US the dynamo of world growth showing immense potential we will see HSI stabilise once thisa happens above 10000-11000 we have Japanese ASEAN exposure issues slightly answered if markets are OK in ASEA why should Nekkei be trading at these levels -the reason Nekkei is here is because of ASEAN default prospect- now today HSI the tail has wagged the dog that is it refused to tow the line of Nekkei so did other markets- Monday markets will take this as a sign of confidence always some what late rally in Japan is brewing and will hopefully come as rumour mongering dies down- bears still paying for their puts and imagine the short squeeze above 305 on SOX and 932 on S&P this is going to be a classic strangulation- the catch 22 for me is untangling am I looking at a skewed picture- no I am not- this is not an economy which needs crutches the party will soon begin as people realise that all this crap of falling world was an opportunity lost- once ASEA stabilises Japan exposure of 250 bilion to ASEA becomes less suspect that sows the seed of impending strength in Nekkei- here the charts show you blood- but it is always when the situation is most glomiest that light shines- the dark before dawn is the darkest time.

Let people be short for me I am looking at a strange mix of great positives- even the bonds cannot be sold the Japanese have 400 billion of them last one week they have made huge profits on bonds- why should they sell rather for them it is good to keep every one edgy as their mix of assets improve- the shorts keep looking at bonds but Japanese on one hand plant news that we are net sellers on the other hand this is their only best investment - who pays the bills the shorts they just don't seem to understand that complexities of market demand that voltality has bring renewed strenght and vigour in this market.

If now with this test of lows people have doubts I think market heads north and the jumble is about to untangle- have a good day and week end Judy- thanks for first class advise all the way- with you we filled an important gap on this thread that of a close reader of stocks- I am so happy that people will have such varied advise- God bless you.
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