How to best deal with KOOKS at this web site Message Board

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Pastimes : How to best deal with KOOKS at this web site

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To: Iceberg who wrote (1749)	8/27/1998 11:04:00 PM
From: Iceberg	Read Replies (1) of 1894

To all: I had "kooks" on my mind today relative to all the news on Russia and it's reported impact on the U.S. markets. IMO, the the U.S. market reaction to Russia's economic crisis [DJIA down 357 today] has been caused more by a kooky reaction on the part of U.S. institutional investors than anything the Russians may have done, or not done. Russia is not even in the top 15 trading partners [either import or export] with the U.S. Japan and other countries are far more important to the U.S. economy, but the U.S. markets seems to sleep while Japan and other countries far more important than Russia deteriorate. So what's all-of-a sudden the the "big deal" with Russia's two-bit economy? I don't get it. Perhaps U.S. institutional investors are confusing Russia's geographic size with it's economic size. If so, big mistake, IMO. I think today's market reaction was all out of proportion to any reasonable stimulus. And in the absense of any adverse news from countries more important than Russia, I would expect the institutional kooks to quickly jump back into the U.S. stock market. Perhaps within a few days. Well, maybe not. Never know what kooks might do. :-( Ice

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