SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: James F. Hopkins who wrote (20697)6/19/1998 2:08:00 AM
From: Gersh Avery  Read Replies (1) of 94695
 
OK James .. you're from Brazoria so I'll give you some more ..

A part of our market consists of foreign investment.

The single largest block of savings on the planet is the Japanese individual investor.

When the value of the yen goes up (you get fewer for the dollar) our market looks progressively weaker.

Yesterday Rubin moved in and pumped up the yen .. lets back up a moment ..

You mentioned the fast movement in the bond (up) and you probably have heard that the yen has fallen. Did you know that the Japanese held very large portions of our bond market .. stocks also, for that matter. Every time the yen dips in value, these folks start to rush for more bonds....

Now back to Rubin .. so the value of the yen went back up that day .. lo and behold the value of the bond dropped .. that night all of Asia had a very good positive day for their markets ..

But .. what happened?? Europe went down .. US went down .. why?

If the governments are going to make sure that Japan is going to do OK then the Asians feel free to bring their chips back home..

OK the yen dropped today on wall street .. yep .. some folks figure that if it jumps up, short it .. but then the most interesting thing happened..

Tonight the yen went back up .. that tells me that the Japanese traders believe the yen is on its way back up .. so then ..

Fill in the blank :o)

When foreign investors feel uncomfortable with the US market it goes _____________.

from a looser

Gersh
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News