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To: Cynic 2005 who wrote (63910)9/23/1999 5:30:00 PM
From: Defrocked  Read Replies (1) | Respond to of 86076
 
Who cares what Ballmer said. The novice/naive investor
blaming Ballmer for the selloff doesn't have a clue.
Might as well blame wet sidewalks for causing rain.
The precipitant was Summers and the currency selloff.
Welcome to the global economy boys and girls.
Its beginning to look like our foreign investor friends
may be going home to play.



To: Cynic 2005 who wrote (63910)9/23/1999 6:00:00 PM
From: pater tenebrarum  Respond to of 86076
 
Mohan, funny enough, a few months ago on the MDA thread, when Summers was still Rubin's deputy, i compared '87 to '99 and mentioned something like "in '87 we had the treasury secretary berating Germany to revive it's sluggish economy, now we have L.Summers berating the Japanese...the U.S. have the house, but Japan holds the mortgage...if they should ever get ticked off, look out below..."

you are 100% right...Summers constantly makes Japan lose face - he totally underestimates the importance of this to Japanese public figures. he should have paid attention when Sakakibara called the U.S. "bubble.com". it was a warning shot. btw, the congress is close to blocking China's accession to the WTO - a mistake in a similar vein.



To: Cynic 2005 who wrote (63910)9/23/1999 8:11:00 PM
From: TRINDY  Read Replies (1) | Respond to of 86076
 
Mohan, My hat is off to you. I have been reading your comments for well over a year now. Unlike many posters, you have convictions and do not vacillate in your opinions. You are not telling us what the most recent action is. We can see that ourselves. I went back to read your recent posts on "Ask Mohan." Since mid-month you have been saying to look for 200 point down days. You admit to making mistakes that have cost you money, but hang in there when "backed into a corner." You are soft spoken and not prone to hyperbole. Keep up the good work.

Cheers!