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Pastimes : Ask Mohan about the Market

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To: tekgk who wrote (13748)	2/2/1998 12:46:00 PM
From: vegetarian	Read Replies (3) of 18056

Can anyone think of justifiable reasons for this rally? The only things I can see that have happened since last Friday are: -Iraq not yet attacked -Bill Clinton's troubles have not deepened further -Some Asian markets rallied quite a bit -Some weak economic numbers However, taking a cue from markets that have been in big trouble in the first place to adjust our prices does not seem like a wise thing to do because that may set a bound on how well these markets will do which is not pretty to look at. I guess the threats from Asian markets have been now dismissed by and large and the economic numbers are also no longer a threat because: -if we get strong economic numbers we says that is good because we will counter deflation secanrio with those -if we get weak economic numbers we say that is great because we do not have any thtreat of inflation And we rally in a frenzy.

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