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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: robnhood who wrote (2433)6/21/1998 12:16:00 PM
From: Joseph G.  Read Replies (1) of 86076
 
Hey man, I called them "suckers" months before -g-

<< Sucker's Rally
Fund managers say the first-quarter rebound of Asian markets was a mirage

By Henny Sender in Hong Kong
April 23, 1998

As an Asia strategist for ING Barings Securities in Hong Kong, Paul Schulte has lots of visitors from fund-management firms in the United States and Britain. Their pockets are usually bulging with money--profits they have made from the extraordinary rise of European and the American stockmarkets recently. They come to Asia to confirm, at first hand, reports that the region is back from the brink.

Those reports, they soon learn, are somewhat exaggerated. "They are invariably bullish when they arrive in Hong Kong," says Schulte. "Then they go around the region; to Bangkok or Seoul, say. And when they come back--they are terrified." >>
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