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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Pancho Villa who wrote (9514)6/10/1998 9:33:00 AM
From: Joey Two-Cents  Read Replies (2) of 18691
 
Pancho,

So many things happening so few posts. My telephone lines at home have been screwed with static so I havn't been able to log on and post all those interesting Asia stories. The telephone company was out my way 3 days last week.

Well on to other things. HK down 5% last night as well as all of Asia. Chinese should be devaluing the Yuan soon. G7 said they were not there to support the Yen or to give aid to Russia. My take is we will let
Japan try to export their way out of trouble which would have the same effect on our economy (slowing our exports ie;our economy)as a rate hike. If Russia can't get aid they'll flood the market with cheap commodities (oil, nickle, gold, paladium, etc.)good for inflation.

Logic would tell us that if the largest creditor nation (Japan) is being bought up by the corporations largest debtor nation (US) at bargain basement prices with money borrowed from Japanese pensioners something has to give. PE's 28x's, BV 6x's, Div yields 1.4%, 41% of american in stocks. The collapse in equities over the next 18 months will have the analysts scratching their heads for the next 2 generations. "Take a LEAP into the next millenium" and protect yorself from this "Beanie Babie market".
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