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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (40148)	2/13/2000 11:53:00 AM
From: bobby beara	Respond to of 99985

>>>>Remember back in 86 when the Japanese were buying Pebble Beach, Rockerfeller Center, all the Hawaii hotels, etc. and the press were going on and on about the foreigners owning all the good real estate<<< TL, That happened back at the bond top in October 98. That is the paper asset equivalent of buying american 'good' real estate. Also you can look at the $USD chart, with buying spikes into the august 97 top, the july 98 top, the july 99 top and the most recent top. this is foreign money buying $ and dollar denominated assets. b

To: Logain Ablar who wrote (40148)	2/13/2000 12:00:00 PM
From: Michael Watkins	Respond to of 99985

Timothy Remember back in 86 when the Japanese were buying Pebble Beach, Rockerfeller Center, all the Hawaii hotels, etc. and the press were going on and on about the foreigners owning all the good real estate. I haven't seen that yet with stocks. That will be the top. Then maybe its happened already. Foreign index funds (i.e. US TECH Index!) are the hottest thing in Canada this year and last. The fund companies have set up derivative funds that get around our 20% foreign content limits in retirement savings accounts. Looking at the relative performance of Canadian growth funds as compared to the US over the past few years, it would take a strong will not to be tempted to pour one's money into US based markets and derivatives of same. I understand that they are again this year big sellers. Who knows...