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Strategies & Market Trends : Asia Forum
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To: Stitch who wrote (5984)8/29/1998 12:05:00 AM
From: Ron Bower  Read Replies (1) of 9980
 
Stitch,

Interesting article.

There's no denying that things are bad in Asia, but when you take a good look at the numbers and factor in the devalued currencies, the numbers aren't near as bad as they seem. The exception is banking and finance. Factoring makes the numbers far worse than they seem.

If a market falls 50% and the currency of that market also has fallen 50%, has the market actually fallen?

JMHO,
Ron
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