DR.BOND, good buy. I have more dry ammo available to buy more at <14.
We are approaching last 1 hour of day 3 to countdown/staredown with
shorts: Friday. Will they cover, gg.
PS, Asia: those who think that Asia is quiet need to rememember that the Bank loans are being rolled over from month to month and that NOBODY really knows the ture extent of the bad debts. As the true extent becomes known will the Banks be willing to roll over the debt? GGG >.They might, if the " hard " IMF measures are taken by Korea , Indonesia etc and rapidly so.BUt, but,are the people in those countries fully aware of the pains to come from those measures? Most of all are ther fat cat cronies of Suhgarto and the SKorean chaebols
essentially willing to loose their Mercedes, palaces etc; get rid of their hydroelectric dam they boorowed all that money for with it's CEO position (Suharto's son) etc, and essentially swim in the Archipelago bankrupt.I douby it. Look for for furhter agitation, strikes, riots, turmoil, which all breed uncertainty. At which point the Finacial markets will do what they've done from time to time immemorial: panic.Another October.
Only companies full proofed by strong earnings will survive that with any semblance. Go Vivus.
TA |
