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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Cynic 2005 who wrote (4255)8/22/1998 11:20:00 AM
From: HH  Read Replies (1) of 86076
 
They shoot horses, Don't they ?

Here is a list of the world's stock indices and their percentage
down as of friday close (8/21/98) from their YTD high. Most of the Asian indices blew out some time ago, other non-Asian developing
countries blew out next , while most developed industrialized
countries reached peaks July 18-20.

Asian:
Australian-------down 9%
HK(Hang-Seng)----down 37%
Japan------------down 12%
India------------down 32%
Indonesia--------down 32%
Malaysia---------down 58%
Pakistan---------down 46%
Philipines-------down 41%
S. Korea---------down 48%
Singapore--------down 45%
Taiwan-----------down 23%
Thailand---------down 57%

Developing non-Asian

Brazil-----------down 45%
Chile------------down 37%
Venuzuela--------down 71%
Mexico-----------down 37%
Peru-------------down 61%
Russia-----------down 79%
Turkey-----------down 27%

Industrial/mature economy

Canada-----------down 20%
Germany----------down 17%
France-----------down 11%
Belgium----------down 7%
Spain------------down 12%
Switzerland------down 13%
Austria----------down 20%
UK---------------down
USA--------------down 9%

This is looking very ominous, espescially when you consider
these peaks about 1 month ago. Recession(depression) outside
the mature economies can spread inward. Political unrest
is an obvious risk. So much for "give peace a chance"

HH
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