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Pastimes : Ask Mohan about the Market

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To: Rational who wrote (8520)	11/18/1997 11:01:00 PM
From: Zeev Hed	Read Replies (2) of 18056

Sankar, I do not see a US market crash. Ifall the short havealready covered in the NIKKEI, who is left to buy? Particularly that now the long got their ammunition dry to short any additional rally. A drop under 14,000 will accelerate repatriation of treasuries and that could yield a blip up in interest rates which in combination of deflation fear will serve, IMHO, as a very bitter cocktail to our markets. Not the end of all times, but very unpleasant. Zeev

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