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Strategies & Market Trends : Asia Forum

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To: Robert Douglas who wrote (7349)10/29/1998 10:05:00 AM
From: Paul Berliner  Read Replies (1) of 9980
 
The Bear Stearns data is misleading because the bourses have fallen so low that it doesn't take uch to give it a large percentage gain.
Ex. the hang seng went from 16,000 to roughly 6,000, a 65% drop. Now that its roughly 10,000, every Asia bull is saying 'look, HK is up
50% from its low.' Big deal. Its still down almost 40% from its high.
South Korea and Indonesia are even bigger bull---- because those indices have 5% gains & losses with less than 10-15 point moves.
Maybe a year from now, with the Moscow index at 100, Lexington Troika Dialog Russia Fund will be able to run those ads again showing a 100%
annual return for the fund (because its low recently was around 50 or so)! Now that ain't misleading???!!!!
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