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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (8652)11/20/1997 10:04:00 AM
From: Jack Clarke  Read Replies (6) of 18056
 
Zeev, Sankar, Mohan, Haim, Tommaso -- anyone:
Help me to understand! The market is horribly overvalued. We have a crisis in Asia which threatens the world economies and therefore the confidence necessary to maintain our margined banking system. The bailouts necessary should dilute the value of currencies doing the bailing, since the money is being printed. Our own balance of trade worsened on this AM's announcement:

biz.yahoo.com

So why is the market exploding to the upside? Is it just because Saddam has kissed and made up with Clinton and will now allow a handful of inspectors to "find" anything he has hidden in a whole country? What a joke. But the people are buying! Who ARE those guys? Sometimes I think I am reading Alice in Wonderland.

Jack
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