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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (3904)9/13/1998 3:30:00 PM
From: Gersh Avery  Read Replies (1) of 11051
 
Hi Steve ..

Just read something over on the Princeton site that I'd overlooked before.

Phase II of the Big Bang goes into effect 1/1/99.

Going to put in a order to shift the entire 401K from cash to Bond Fund of America.

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What we see ahead is another leg of net capital concentration within the core economy - namely the United States. As deregulation of the trust funds approaches in Japan at year-end, suddenly $9 trillion worth of capital becomes free to go out and explore the world. According to our clients in Japan, a portion of EVERY portfolio we know of will be diversified out of yen into primarily US dollar assets. The lowest amount of diversification we have been told is 15% while the maximum appears to be 33%. Assuming the minimum 15%, this represents about $1.2 trillion. We believe that the bulk of that capital will tend to move toward fixed income with perhaps at best 10% into equity markets. This will have a major impact upon the US economy and indeed the world going into 1999.

pei-intl.com click on "bonds the next bull market"

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DJ .. you were quite correct about the Japanese just running the presses.

Gersh
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