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Pastimes : Ask Mohan about the Market

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To: Crimson Ghost who wrote (13247)	1/19/1998 3:00:00 PM
From: Jyoti sharma	Read Replies (4) of 18056

George: I have also been watching Asia since oct. I will offer my two cents and hope others will provide a contrary point of view. If Japan does not make new lows, Korea , Malyasia, Thailand are not likely to make new lows. All of these countries have a grip on their problems and will be a lot higher by the end of this year. I also expect their currencies to bounce back another 20-30%. Indonesia is a special case and has the maximum risk. Suharto will not follow thru on IMF dictated reforms. He is not going to hurt his children. If Japan goes all bets are off. Even US market will tank and october correction will look like a picnic. IMO this will not happen. Japanese are very smart people and the govt will do whatever needs to done to keep their markets up. China is not likely to devalue till later this year and Hong Kong peg will hold. I would appreciate other predictions. Good investing Jyoti

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