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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (19199)5/27/1998 9:00:00 AM
From: Oeconomicus  Read Replies (3) of 94695
 
Though I'm not saying Asia will "spiral down", I didn't get anything from his testimony that even addressed that as a serious concern. My concern is whether it is effecting the US economy and, more particularly, US corporate earnings. He indicated that it definitely is, but it's just starting to show up in hard numbers.

Now, as to the "spiral", I guess an 11 year low in Korea, multi-billion dollar losses in Japanese banks (and that's just what they've actually recognized on their reported numbers), Hang Seng falling off a cliff, a 32 year old dictatorship over 200+ million people coming to a violent end, and all the other collapsing markets worldwide is just Mr. Market discounting coming good times.

BWDIK?

Bob
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