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Pastimes : Ask Mohan about the Market

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To: robnhood who wrote (13229)1/19/1998 10:30:00 AM
From: Zeev Hed  Read Replies (4) of 18056
 
rr: The Asian recoveries are IMHO still "bear market bounces". After all, many of these bourse where down more than 50% in less than six month, and taking into acount devaluations more like 75%. Nikkei is only some 10% from its bottom. Furthermore, when the Indonesian market is up 6% and at the same time the Rupiah is down some 10%, the net result is still down. I think that the recovery in the Asian market is just about ready to peter out, and for once the little Turnips might be right (was it a reversal at 2:38 on Wed?).

Zeev
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