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To: Dale Baker who wrote (9726)8/13/1999 5:08:00 AM
From: B TateRead Replies (3) | Respond to of 118717
 
Know the feeling. Lots of hype in today's paper on M.L. reinstating the index. Lots of babble on how BIG foreign investors use the index to allocate funds etc. Nothing on how hard it is for foreign investors to come up with an exit strategy or how how the whole country is working to provide a couple of big boys the funds needed to maintain their empires. (Renong debt is in the $10+ BB range or about a third of the national debt and they are trying to leverage the only cash they generate for about 20 years) WHew

Add to that the Malaysian Airlines system is loosing $1MM a day. The banks are being forced into mega mergers within 60 days (to improve capitalization stance on the international market - trick here is try to use a Malaysian Rhingitt in ANY country in the world,,, NOT!)

And one last one (I could go on forever) the Rm was forced down to 3.8 to the USD from 4.8, its my guess that if allowed to float we would see 6 or 7 in a couple of weeks. George Soros you know and all the ____ (insert your own boogieman of choice) and all those tricky westerners bleeding the poor people dry again.....!

Got to believe that when the BIG international investors don't show up in a week or so that the key card will be pulled from the house.

AAArrrgghhhh BWDIK

EDIT All figures are USD



To: Dale Baker who wrote (9726)8/13/1999 6:15:00 AM
From: Dale BakerRespond to of 118717
 
Looking at the KLSE 5-day chart is a riot - quote.yahoo.com^KLSE&d=5d. Imagine if the Dow gapped up 7% (say 800 points) and ran as high as +10% (close to Dow 12,000). I think the TA types would be talking about a blow-off top and some chart gaps in need of filling.