Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: kas1 who wrote (10643)	11/30/1997 4:34:00 PM
From: Staff	Read Replies (1) of 94695

That's the entire point. Eveyr paper and every show talks about this great Y2K delema and how it could be worth billion and billions to those "corps" ( pun inteneded)that will fix the problem. The people in the herd just see dollar signs. The stocks go up and because if the HERD jumps into the fire then everyone thinks they better get in to. You try to tell them that historically a stock selling at 200 times earnings is pure casino stuff but they want to follow the herd. Then when it crashes and burns they all want to take the company to court and sue. That's why the Asian delema and peoples reaction to it in the US is such a fiasco waiting to happen in my view. . People are all standing around going " gee.. this sounds serious" but... the market didn't fall so it must be ok. So what if it is the one single biggest collaspe of a company in Japan just took place. So what is many of Japans big 10 banks who are the largest in all the world are sitting on 78 billion in bad no performing loans right now today. This number is not mine by the way.. that is the number I read off the news wire that was released from Japan's ministry of fincance just last week. So what if South Korea will need 40 or 60 not 20 billion from the IMF. Well just scrap it up and it won't effect anyone right. I wounder what North Korea is thinking watching South Korea crumble? They are such good buddies you know...not! But here is wall streets reaction Heck ... the market didn't fall today so it all must just be ok Guess I'll just keep buying dips... daaaaa.... yeah sure! Wecome to the herd as they say. heck common .. smell the roses.. Even Merril Lynch isn't "Bullish on America" anymore. They are now... "A breed apart"... whatever that means?

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