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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (19254)	8/11/1998 5:33:00 PM
From: Raj	Read Replies (1) of 50167

Iqbal, Thanks for providing an excellent analysis and prognosis of the markets and unravelling the mysteries of the pits. I guess we shall soon see Rubin and MOF intervene to prop up the Yen. IMO this will be not be an effective strategy unless it is concurrently followed by a strong action to stimulate the domestic economy ....devaluation in Yen will negatively impact Japanese exports. BTW, do you expect the markets to trade in a +- 2% trading range till Q3 earnings season? Raj

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