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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (8156)11/16/1997 6:42:00 PM
From: Bonnie Bear  Read Replies (2) of 18056
 
Zeev: don't forget about South Korea. It is in terrible financial shape and the South Korean banks are nearing bankruptcy. They will be faced with currency devaluation and be forced to sell their foreign stocks and bonds. It will add downwards pressure on Japan. Japan may have to let the yen devalue to stay competitive.
It doesn't look bullish. -g-
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