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Strategies & Market Trends : Asia Forum

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To: Zardoz who wrote (7006)10/8/1998 9:40:00 AM
From: Z268  Read Replies (1) of 9980
 
To all,

It seems there is a massive re-alignment of fundamentals going on:

1. US and European stock markets falling back to more realistic,
sustainable levels; Nikkei, Hang Seng and Straits Times indices
realigning.
2. The start of a global downward trend on interest rates.
3. The realignment of major currencies (BTW, Hutch, that's what
happened to the Nikkei last night - dollar vs yen falling from
135s to 115s or thereabouts thumps major Japanese stocks).
4. JP Morgan predicting a short US recession in 1999
5. Greenspan showing signs of increasing frustration.

Does this mean we are moving towards a flurry of actions and consequences, indicating that we may have bottomed?

What are your thoughts on when Asia will start recovery? Comments from those of you resident or based in Asia would be most appreciated.

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