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Strategies & Market Trends : Asia Forum
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To: Ron Bower who wrote (6302)9/9/1998 10:33:00 PM
From: k.ramesh  Read Replies (1) of 9980
 
I bet more people are aware of the new significance of 62 than 7600.
What percent of the people in the US track the day to day movements of the markets. May be 15% and that too because the internet has turned every techy person into a market watcher, otherwise probably 5%.
In less developed countries( by which I mean, smaller proportion of the economy's assets that is liquidatable at any instant) the markets will mean less to the avg. joe. eg. In India the avg person rarely buys a house with intent to speculate or sell, as selling is not as easy as calling century 21 or coldwell banker and putting up a sign for 3 months)
But surely, rising prices and unemployment must affect atleast those in the organized sectors of the economy (those who work for entities that produce intermediate goods).

ramesh
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