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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 147.44-0.6%Nov 17 3:59 PM EST

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To: Jim Willie CB who wrote (6385)7/28/1998 1:11:00 PM
From: Ramsey Su  Read Replies (1) of 10921
 
Jim,

the one scenario that I have not been able to resolve is one of liquidity.

I think Japan is going down. Major surgery to their entire system, though it will help the patient recover in the end, will be very painful. The big bang reform that Hashimoto enacted last year may come back to haunt them. By providing a more direct conduit for the Japanese to invest in foreign markets, what do you think the average Japanese will do with their savings if it becomes obvious that Japan and the yen are heading down?

Our markets don't have any room to absorb this potential massive inflow of cash without creating the same type of bubble here. A prudent investor may be trapped in a catch 22 situation, not wanting to invest in a ponzi scheme but end up watching the market take off without them.

Ramsey
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