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Pastimes : Ask Mohan about the Market
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To: GTC Trader who wrote (11911)12/19/1997 3:32:00 PM
From: Mike M2  Read Replies (1) of 18056
 
Happy Bids, I have long suspected trouble from SE Asia and expected the bulls to be in denial and try to ignore the obvious bad news. They have no shame in contradicting what they have said in the past about how the SE Asia economic miracle will be the engine of growth now that things are bad SE Asia impact will be minimal. The situation is SE Asia is bad and will get worse there is NOTHING that can be done to save them and we WILL feel the consequences here in the US. When the street finally publicly acknowledges the seriousness of SE Asia much of the damage may be done to the stock mkt. 1998 will be the year of the bear. I hope to add some to this note this weekend. Mike
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