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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

-0.1%

Jan 16 4:00 PM EST

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To: Patrick Slevin who wrote (591)	12/6/1998 3:47:00 PM
From: Ramsey Su	Read Replies (1) of 99985

Patrick, I think there are a lot of misunderstanding about the Japanese banks and the bail out plans. It is amazing that the FIRREA, the Act that ended the US S&L crisis is 10 years old. Many in the market did not remember RTC which ended 5 years ago, not to mention the crisis itself that started in the early 80s. Based on what I have read, the Japanese plan is nowhere near the RTC plan which in itself was already a less than perfect solution. The Japanese plan is a true bail out with little contribution to the ailing economy. weeklypost.com I suspect that wall street is on the optimistic side regarding the second largest economy in the world. Were they smart or foolish when they bought Rockerfeller Center and Hawaii during the peaks? I suppose we can ask that same question regarding the "investors" buying AMZN or ONSL. As long as there is a greater fool, don't worry about it. Ramsey

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