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Pastimes : Ask Mohan about the Market
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To: Elllk who wrote (8425)11/18/1997 12:34:00 AM
From: Rational  Read Replies (2) of 18056
 
Larry:

I read about the short squeeze in a news wire. It made sense to me. Japanese bank stocks had pulled down the Nikkei and so we are now witnessing the reverse. No one is paying attention at this stage to the exact details that Govt will follow for the intervention and the systemic repercussions these details may have around the globe -- like selling US Treas will certainly be chilling.

Sankar
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