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Strategies & Market Trends : HONG KONG
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To: Tom who wrote (2398)10/8/1998 8:52:00 AM
From: WONG  Read Replies (1) of 2951
 
''The U.S. economy had been enjoying a virtuous circle of a strong dollar and strong stocks. Now, it has entered a vicious circle of a weak dollar and weak stocks,'' said Shigeo Ichioka, a strategist in the market trading department at Asahi Bank.

''This downward spiral is likely to continue as hedge funds hit by emerging market troubles are simply irreparable. Any attempts to rescue them will be to no avail,'' he added.

biz.yahoo.com
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