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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (26464)	5/26/1999 4:23:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

From IQBAL LATIF on May 25 1999 5:42AM EST <<On European markets and global markets don't expect them to sell hard, US and Europe are at different divergent cycles, here in US inflation is a problem or so called issue in Europe it is still lack of demand, so higher interest rates may set some fears but markets will deviate, a big sell off in US may not lead to big sell off in Europe, now here is the trick in absence of global repsonse if you expect that next day markets after the sell off will open lower, you may be in for a surprise as Europe would recover from weak opening I will not be surprised that we may not see in next few hours CAC and DAX down big, rather as these indexes recover the discount on globex may become a premium, so don't take cue from global markets this time US marekts have to be traded off Comp and NUTS or BKX.... I will back test this analogy in next few hours I would like to see if Europe recovers or nor, I definitely think it will if not today the deviation in Nikkei and Europe with DOW would be glaring..>> Europe and ASEA did not sell as anticipated but recovery today does help the issue raised in this post..Europe is stable and recovery in ASEA is helpful....

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