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Pastimes : Ask Mohan about the Market

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To: yard_man who wrote (17515)12/22/1998 5:35:00 PM
From: Zeev Hed  Read Replies (2) of 18056
 
Tippet, it is, it is... It is more dangerous here to be over pessimistic then optimistic. Remember that liquidity drive these markets, and there is a lot od sloshing liquidity coming out of the Postal system in Japan in 2000 and 2001 (if I remember correctly). You couple this excess liquidity with some improvement in confidence in their own economy, and you get a dangerous combination. From where we are (preferably after a panic under 13,000 in the Nikkei) Japan appears now to be more attractive then many Internut stocks.

In the US I do not see big declines either (the turnips still show another correction to the mid 8550 or so, similar to what we just went through earlier this month, in the next few weeks, except that the NAZ may be hit harder then the DOW this time). As long as the FEDS are in an easy mood, I just cannot see a collapsing US market.

Zeev
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